HELOC Worth It? The Pros and Cons | NerdWallet

A HELOC, or a home equity line of credit, is a second mortgage that's a flexible line of credit that you can draw from as needed, up to a certain limit. Home Nerd Kate Wood brings Taylor Getler on to discuss how HELOCs work, how they work for, and other considerations before getting a home equity line of credit.

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0:00 – Intro
0:43 – What Is A HELOC?
1:19 – How Does A HELOC Work?
1:48 – What Are The Advantages Of A HELOC?
3:11 – What Are The Downsides Of A HELOC?
3:52 – What Projects Are HELOCs Best For?

#NerdWallet #HELOC #Mortgage

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HELOC Worth It? The Pros and Cons | NerdWallet

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