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After the 2008 Financial Crisis, HELOC Financing Is Again Available - The Home Equity Line of Credit Is Making a Comeback
A home equity line of credit (HELOC) is defined by Wikipedia as “a loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower’s equity in his/her house (akin to a second mortgage).” Since the mid-1980’s, home equity lin…