Have you been thinking about taking out a home equity line of credit (HELOC)? A HELOC is revolving line of credit that uses your home as collateral.
Because a HELOC is a line of credit, it may be easier to qualify for than something that’s unsecured, like a personal line of credit.
A secured line of credit means that if you default by not making payments, your lender is able to use the collateral (aka security) to recoup their money. In the case of a HELOC, your home could be seized and sold to repay the monies owed.