kate_sept2004 / Getty Images A home equity line of credit (HELOC) is a line of credit that uses the equity you have in your home as collateral. The amount of credit available to you depends on the ...

Your equity equals your home's current value minus the amount you owe on it. You can borrow against this equity, preferably ...

A home equity line of credit is secured by the equity you have ... you could become underwater on your loans, meaning that you owe more on your home than it is worth. Finally, HELOCs often have ...

A typical home equity line of credit tends to have a variable rate that changes based on market conditions. However, some lenders allow you to lock in a fixed APR, meaning that you'll continue to ...

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow exactly ...

What the market trends are: With current HELOC rates slightly lower, they could be the cheaper option for short-term ...

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking ... not include information about every financial or credit product or service.

Have a home equity loan? Refinancing to a HELOC right now could reduce your interest rate. Here's what to know.

Homeowners can access two forms of credit that other consumers do not: home equity loans and home equity lines of credit ...

Most home equity loans have fixed interest rates, meaning they don’t change based on the prevailing market rates. Another ...

specializing in transactional content along with subprime and student credit. A home equity line of credit (HELOC) offers plenty of benefits to homeowners. For example, the flexibility of a HELOC ...

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking ... not include information about every financial or credit product or service.