Getting a home equity line of credit

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Investopedia requires writers to use data, original reporting, and interviews producing accurate, unbiased content in. The downside is that continuing most have variable rates, meaning home's value continues to rise.

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Home Equity Lines of Credit Explained - How a HELOC Works, Pros and Cons
A home equity line of credit, or HELOC, is a second mortgage that gives you access to cash based on the value of your home. Requirements to get a HELOC?? To qualify for a HELOC, you'll need a FICO score of or higher. U.S. Bank also looks at factors including: The amount of equity. To qualify for a home equity loan or line of credit, you'll typically need at least 20 percent equity in your home. Some lenders allow for.