Most Common HELOC Questions Answered

Do you know that most Americans have more equity in their home than they think? According to Corelogic’s most recent Homeowner Equity Insights Report, US homeowners with a mortgage gained an average of just over $16,000 or about 12% and home equity from 2017 to 2018. That’s a lot of money just sitting there waiting to be used, whether it’s for remodeling, college tuition, or just to pay off some bills. So, one way to tap into that equity is through a home equity line of credit or a HELOC. With this type of loan, you can borrow as much of your available equity as you want during an initial draw., Typically around 10 years. You do make payment

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