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  • Can you sell your house if you have a home equity line of credit?

If You Have a HELOC Can You Sell Your Home?

A HELOC (home equity line of credit) is considered a lien against the home, just like a primary mortgage and a home equity loan.  The value of the HELOC lien is the amount currently owed on the line of credit.  For example, if you have a HELOC with a loan limit of $30,000 and you currently have a borrowed balance of $20,000, the current lien value would be the balance owed plus any HELOC prepayment […]

  • Six HELOC tips to consider when looking for a HELOC

Six HELOC Tips To Avoid Seeking Future Debt Relief

A HELOC (home equity line of credit) is a revolving line of credit issued by a lender based on the equity available in the home.  Just like a home equity loan, the home equity line of credit uses  the borrowers home as collateral.   Unlike a home equity loan, the HELOC allows the borrower to use and pay back money as needed up to the credit limit for the term of the line of credit.


October 24th, 2016|Tags: , |