Home Equity Lines of Credit are a way for you to access the cash tied up in your home without affecting your primary mortgage. We believe everyone should have a HELOC as a rainy day fund, even if you don't need it right now. You never know when a car will die, you will lose your job (temporarily or permanently), etc..
In addition, HELOCS are a great way to consolidate car loans, credit card loans, and personal loans, usually at a lower interest rate. In addition you can use them to help send your kids to college, renovate or improve your home, or invest in business. Or even a vacation!
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