HELOC: What Exactly Is a true home Equity Credit Line? If you’re wanting to renovate or renovate your home but don’t quite have enough savings to cover it, it might seem a property equity credit line (or HELOC) could help scrape together the bucks for the job. Exactly what exactly is really a HELOC, and it is it surely a good funding choice for things such as a property remodel, brand brand new furniture and even expenses? We’re right here that will help you learn! What exactly is a true home Equity Personal Credit Line? A property equity personal credit line, or HELOC, is a kind of house equity loan that enables you to definitely borrow funds up against the value that is current of house.