Real Estate

HELOC (Home Equity Line of Credit)

A revolving credit line secured by home equity. HELOCs have variable rates and a draw period (typically 10 years) followed by a repayment period.

Related Terms

Home Equity
Secured Loan
Variable Rate

Related Calculators

Mortgage Calculator

Understanding HELOC (Home Equity Line of Credit)

HELOC (Home Equity Line of Credit) is a key concept in real estate. Understanding this term helps you make more informed financial decisions. Use our related calculators above to see how heloc (home equity line of credit) affects your specific situation.