Can someone explain HELOC Hello, can someone explain HELOC to me please. For those of you that have used this option why did you decide to go this route? Someone at work mentioned something about if the heloc money is not payed they can take your house or something along those lines, then someone else said you can take a HELOC loan and not use it right away but have the …

HELOC loan for a deck My house has a big deck and you need it to access both doors into the house. It’s built into a hill, so it’s pretty far off the ground. Both stair cases have broken stringers so the stairs wobble. I’m ready to close on a HELOC loan because the deck is very unsafe and needs to be replaced. Was HELOC the best option as the banker claimed? Is the…

HELOC for debt consolidation? I have been financially independent my entire life, and quite responsible with spending. Well, covid hit both my partner and I in terrible ways. I was able to secure a covid relief business loan of 30k, and have started chipping away at this. Long story short, I own my home, and my partner was unemployed for 18 months. This …