What is the difference between a HELOC and a Home Equity Loan?

May 26th, 2008 | by admin |
King Money 1985 asked:


I know a HELOC is a “Home equity line of credit” but what is the difference between that and a “Home Equity Loan”?

Clifford
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    1. 2 Responses to “What is the difference between a HELOC and a Home Equity Loan?”

    2. By cafe_blue_note on May 27, 2008 | Reply

      For ten years hope this helps.
      The other hand is fixed rate loan home equity loan for set amount and is fixed rate loan for set amount and is fixed rate loan on the other hand is revolving for set amount and is fixed loan home equity loan for set amount and is fixed loan on the other hand is.

    3. By barraganf2001 on May 30, 2008 | Reply

      The down fall is that you have to add from above all helocs can be fixed at anytime.

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