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Home Equity Line of Credit: What You Should Know
January 6, 2020
Categories: General, Mortgages
We’ve probably all heard about a home equity line of credit. But what is it really and how can we use it? In today’s blog, Peoples Bank of Kankakee will talk you through what a HELOC is, what it can be used for and a few other top pieces of information you’ll want to know!
What is it?A home equity line of credit, or HELOC, is a loan in which the lender agrees to lend a maximum amount within...
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