Home equity is the market value of your home minus what you owe on your mortgage. A home equity line of credit — often referred to as a “HELOC” (hee-lawk) — gives you access to cash by letting you borrow against that home equity. Unlike a home equity loan, which provides a lump sum, a...
The article HELOC Calculator originally appeared on NerdWallet.
from NerdWallet
https://www.nerdwallet.com/blog/mortgages/heloc-calculator/
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