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What Is a HELOC? Your Home’s Equity Explained
A HELOC is a flexible low-cost loan that leverages the value of your home. A Home Equity Line of Credit, or HELOC for short, gives you the flexibility to borrow against the value of your home to finance home renovations, educational expenses, or debt consolidation. As UMCU’s Financial Education Manager, Mark Munzenberger explains, the key ...
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