When you're a homeowner, it's good to know you have equity in your home. If needed, you can tap into that equity to pay for important expenses. One way homeowners get cash from their property is through a home equity line of credit (HELOC). If you're considering a HELOC, this article is for you.What is a HELOC?A HELOC is similar to a credit card in one way: You have a revolving line of credit you can draw from as needed. There's a big difference, though. When you take out a credit card, it's typically unsecured, meaning you don't put anything of value on the line to secure the card.

https://www.fool.com/the-ascent/mortgages/articles/4-reasons-to-think-twice-before-using-a-heloc-to-remodel-your-home/

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