List Of What Is Bad About Home Equity Line Of Credit References. Getty a home equity loan can be a great way to borrow money at a low cost to fund home improvements or consolidate debt. Simply put, a home equity line of credit (heloc) is a line of credit that uses your home as collateral.

A home equity line of credit compared to a home equity loan. Besides you’ve worked hard to build up that equity. Home equity can be calculated by subtracting the balance owed against the home loan from the estimated.