Can someone explain a HELOC like I’m 5?
Can someone explain a HELOC like I'm 5? Long story short, too many one-time expenses are coming up. We're looking into a HELOC to help float the budget a bit. for the ~$300k house, we're about $60k equity into it, so ~20%. One of our expenses is a new roof due to storm damage. While the roof is off is a good time to have actual insulation added to our attic (we've got about 6-8" and t...