Monopoly House Real Estate

What is a HELOC?

If you pick up the Wall Street Journal on any particular day, you might find an article that mentions HELOCs. You probably see that word on a poster or rate board at your local bank as well. You might get something in the mail (or e-mail) from your credit union advertising the best HELOC rates around. That is all great if you know what a HELOC is. Consider this post HELOCs for dummies.