Loans

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HELOC Loans

Written By: admin - Feb• 13•13

What Are HELOC Loans?

HELOC loans are simply home equity lines of credit. If you have equity in your home, you can qualify for a HELOC. They generally have pretty low interest rates. And they’re good for debt consolidation, funding a business venture, or other high ticket items that you may need money for.

Since the HELOC uses your house as a collateral for the line of credit, you have to be certain that however much you borrow, you can feasibly pay back to avoid a financial catastrophy.

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