5 Ways a Home Equity Line of Credit (HELOC) Can Hurt You
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5 Ways a Home Equity Line of Credit (HELOC) Can Hurt You

If you are considering a HELOC, understand these pitfalls first Reviewed by Lea D. UraduFact checked by Yarilet Perez MarsBars / Getty Images A home equity line of credit (HELOC) can offer flexibility and relatively low borrowing costs. You only pay interest on the amount you use, making it more attractive than lump-sum loans for…