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Home Equity Line of Credit (HELOC)
A HELOC gives you revolving access to your home's equity, letting you borrow, repay and re-borrow as needed rather than taking one lump sum. It's a flexible option for ongoing expenses, investment opportunities, or as a financial cushion, and can often be combined with your existing mortgage.
What this covers
Borrow, repay and re-borrow as needed
Often combined with your existing mortgage
Good for ongoing expenses or investment opportunities