A home equity line of credit (HELOC) is a line of credit that allows you to tap into your home’s equity or the difference between what your home is valued at and how much you owe on it.

Why would you do that?  Oh, the answers to that question are endless! An addition on your home.  An updated kitchen.  An updated bathroom.  A family vacation.  Do we need to go on? 

What would you do with a HELOC??!!