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What Is a HELOC Promissory Note?

A home equity line of credit can provide you with flexible access to cash. Before you can get the money,...

Citizens Bank Home Equity Review

Citizens Bank offers home equity lines of credit (HELOCs) of up to $2 million to eligible homeowners in 18 states...

PenFed Home Equity Review

A HELOC from PenFed gives homeowners access to up to $500,000 of their home’s equity with flexible rates and standard...

Bethpage FCU Is Now FourLeaf Federal Credit Union: 2025 HELOC Review

FourLeaf FCU is one option if you’re considering a HELOC. The company allows you to convert all or a portion...

Truist Home Equity Review

Truist offers a home equity line of credit that homeowners can use to finance upcoming projects or consolidate debt.

How Does the Draw Period Work on a HELOC?

During the HELOC draw period, you can withdraw money from your line of credit. You typically make interest-only payments during...

How Often Can the Interest Rate Change on a HELOC? Everything You Need to Know

A variable interest rate on a HELOC can change as often as once a month. The actual frequency in which...

First-Lien HELOC: How It Works, When It Makes Sense, and Top Lenders

A first-lien HELOC could provide you with access to equity and savings on your mortgage. It's important to weigh the...

HELOC Repayment Explained: How to Manage Payments and Save Money

HELOCs have two periods: a draw period and a repayment period. You’ll make payments during both—but not the same amount.

How Much Equity Do You Need for a HELOC?

The amount of equity you'll need for a HELOC will vary by lender, but usually needs to be at least...