A home equity line of credit (HELOC) is a popular way for homeowners to tap into the equity they have in their homes. These loans are different from traditional loans in several ways, and it’s important to understand how they work before you apply for one.
Wasatch Peaks
Recent posts by Wasatch Peaks
3 min read
Should You Use a HELOC for Debt Consolidation?
You may be considering a home equity line of credit (HELOC) to gain access to the value you’ve collected in your home, also known as equity. HELOCs work much like credit cards. You’re given a set credit line based on your home’s equity where you can then withdraw money as needed.
Topics: HELOC
6 min read
How to Use a Credit Card Wisely & Build Credit
Credit cards offer instant, convenient access to credit whenever you need it. Used right, that can help you spread out your spending and build credit that can help you afford big-ticket items like a home or a car.
