Who should consider a HELOC mortgage?

Answer On One Hand: Paying For CollegeConsider a home equity line of credit (HELOC) to assist with children's college expenses and loans. The HELOC will allow you to tap into the credit line over the cour... Read More »

Top Q&A For: Who should consider a HELOC mortgage

Is a HELOC considered a second mortgage?

Technically a home equity line of credit (HELOC) is a second mortgage. However it differs from a traditional second mortgage because the funds can be drawn out at anytime instead of being paid as a... Read More »

How do I Cash Out a Refinance HELOC to a Fixed Mortgage?

There are a variety of mortgage and home loan programs available to the general lending market. One of these products is the HELOC, or Home Equity Line of Credit. This loan is similar to a credit c... Read More »

What is a HELOC?

"HELOC" is an abbreviation for "home equity line of credit". It is a line of credit that is secured by the the value of a home's equity (the difference between a home's value and the balance owed o... Read More »

What Is HELOC and MMA?

HELOC is short for "home equity line of credit," a way to borrow money against the value of your house. A Money Merge Account (MMA) is a type of financial product known as a mortgage accelerator.