What is a home equity loan?
A home equity loan is a type of second mortgage — meaning a mortgage that’s in addition to the main mortgage you already have on your property. zhangshuang/Getty Images Home …
Kyle Enright
What is a HELOC?
A home equity line of credit, or HELOC, is a type of second mortgage. It allows you to borrow against your house, taking a portion of your home equity — …