What is an Interest-Only Home Equity Line of Credit (HELOC)?
An Interest-Only Home Equity Line of Credit (HELOC) is similar to a traditional HELOC in that it provides homeowners with a revolving line of credit secured by the value of their home. The key difference lies in how payments are structured. With an Interest-Only HELOC, you are only required to pay the interest on the amount you borrow during the … Continue reading