A home equity line of credit (HELOC) can be a valuable tool for homeowners looking to leverage the equity in their homes. Whether you are planning a major renovation, consolidating debt or funding a ...

Lower interest rates: Often, Helocs have lower interest rates than home equity loans or personal loans. They have lower ...

Americans have a near record amount of home equity — and it could be the key to helping them get out of credit card debt.

Fun-loving and adventurous, with a passion for sales and technology, Trevor grew up in Ontario and received an Honours Bachelor of Business Administration (Economics) from Wilfrid Laurier University.

Lines of credit and credit cards are both forms of revolving credit. You can expect more flexible payment terms with a line of credit, while credit cards tend to offer greater convenience and rewards.

Varo claims its new line of credit can help ease your money worries. But the potentially high borrowing cost could add to them. David McMillin writes about credit cards, mortgages, banking, taxes and ...

Jessica is a freelance writer, professional researcher and mother of two rambunctious little boys. She holds a Master of Science degree in Cognitive Research Psychology and a Bachelor's degree in ...

HELOCs allow flexible withdrawals similar to credit cards during the initial draw period. HELOC interest rates are usually variable, potentially increasing repayment costs. Unlike HELOCs, home equity ...