With today’s rising inflation and interest rate hikes, potential borrowers are looking for new, less costly ways to access credit. Until recently, a home equity line of credit, or HELOC, was hard to come by. But as mortgage rates increase and applications drop, more banks are willing to offer HELOCs to homeowners eager to tap into their home’s equity. Yet a HELOC, like any other loan, isn’t right for everyone. So if you’re interested in exploring getting a HELOC—but aren’t quite sure what it is—read on. We explain why a HELOC is suddenly easier to get and who can benefit from … Continue reading...