Types of Home Equity Loans
Home Equity Loans and Home Equity Lines of Credit (HELOC) provide the opportunity to borrow against the equity in your home.
Home Equity Loans and Lines of Credit are very often used to finance home remodeling and repairs, but they are not limited to property improvements.
A Home Equity Line of Credit (HELOC) makes sense if you need to borrow smaller amounts over a longer period of time, whereas a home equity loan is better if you need a large amount of money all at once.