What is the difference between a home loan and you may an excellent HELOC? Whenever if you fool around with each? What does HELOC even mean?

Mortgage loans and you will 2nd mortgage loans (HELOCs and house guarantee loans) try confusing. They’ve been every linked with homeownership, very that’s the common surface. However, they have been useful for quite different aim, which have quite some other standards.

Are you looking to get a primary family? (more…)