Home Equity Lines of Credit, or HELOCs, are lines of credit backed by the equity in your house Home Equity Line of Credit Because the bank can count on your property as collateral, the interest on HELOCs is usually considerably lower than that for unsecured lines of credit, though a bit higher than mortgage rates.… Continue reading Home Equity Lines of Credit, or HELOCs, are lines of credit backed by the equity in your house