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6392 - Home Equity Booklet - What You Should Know About Home Equity Lines of Credit

6392 - Home Equity Booklet - What You Should Know About Home Equity Lines of Credit

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The Home Equity Lines of Credit booklet helps readers understand the important aspects of home equity lines of credit. Some of the items covered in this booklet include:

  • Home Equity Plan Checklist
  • What is a home equity line of credit?
  • What should you look for when shopping for a plan?
  • Costs of establishing and maintaining a home equity line
  • How will you repay your home equity plan?
  • Lines of credit vs. traditional second mortgage loans
  • What if the lender freezes or reduces your line of credit?
  • More resources

(This booklet was revised 08/2022)