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  2. Home equity: What is it and how can you use it? - AOL

    www.aol.com/finance/home-equity-121018740.html

    Home equity lines of credit (HELOCs): A home equity line of credit, or HELOC, is also secured by your property and works like a credit card, charging interest at a variable rate.

  3. Should I use a HELOC to pay off credit card debt? - AOL

    www.aol.com/finance/heloc-pay-off-credit-card...

    Updated March 6, 2024 at 5:11 PM. Key takeaways. A HELOC (home equity line of credit) can be a useful tool for paying off credit card debt, as it often has a lower interest rate and a long ...

  4. Home equity loan or HELOC vs. cash-out mortgage refinance - AOL

    www.aol.com/finance/home-equity-loan-heloc-vs...

    The most popular fall into two categories: home-secured loans, including a lump-sum home equity loan or a home equity line of credit (HELOC), and a type of mortgage called a cash-out refinance.

  5. Home equity line of credit - Wikipedia

    en.wikipedia.org/wiki/Home_equity_line_of_credit

    A home equity line of credit, or HELOC ( /ˈhiːˌlɒk/ HEE-lok ), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term ), where the collateral is the borrower's property (akin to a second mortgage ). Because a home often is a consumer's most valuable asset, many ...

  6. Should you use a home equity loan for debt consolidation?

    www.aol.com/finance/home-equity-loan-debt...

    Balance transfer credit cards: If the majority of your debt is through credit cards, you can consider transferring your balances to a new credit card that comes with an extended introductory ...

  7. What is a HELOC? - AOL

    www.aol.com/finance/heloc-home-equity-line...

    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 ...

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