If you’re a homeowner, you might be able to tap into your equity with a home equity line of credit (HELOC). A HELOC lets you borrow against the value of your home on a revolving basis and pay back the ...

A Home Equity Line of Credit (HELOC) is a revolving loan that allows homeowners to borrow against the equity in their home. Unlike a traditional loan, you can borrow and repay during the draw period.

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Rachel Witkowski is an assigning editor of mortgages and loans for Forbes Advisor US. Rachel, located in Washington, DC, has more than a decade of experience covering financial news at outlets ...