Home equity line of credit
id:
home-equity-line-of-credit-240-12273312
title:
Home equity line of credit
text:
A home equity line of credit, or HELOC, is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is the borrower's property. Because a home often is a consumer's most valuable asset, many homeowners use their HELOC for major purchases or projects, such as home improvements, education, property investment or medical bills, and choose not to use them for day-to-day expenses. A reason for the popularity of HELOCs is their
brand slug:
wiki
category slug:
encyclopedia
description:
Type of loan in which the borrower uses a home as collateral
original url:
https://en.wikipedia.org/wiki/Home_equity_line_of_credit
date created:
date modified:
2024-04-06T19:21:48Z
main entity:
{"identifier":"Q3006221","url":"https://www.wikidata.org/entity/Q3006221"}
image:
fields total:
13
integrity:
14