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Key takeaways
- A home equity line of credit (HELOC) is a variable-rate form of financing that allows you to cash in on the equity you have in your home.
- HELOCs are a revolving line of credit, similar to a credit card — you can borrow what you need, repay it, then borrow again, during a set draw period.
www.bankrate.com/home-equity/what-is-heloc/- People also ask
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