Many Homeowners are turning to a HELOC to consolodate bills
A Home Equity Line of Credit or HELOC is a second mortgage that works like a giant credit card on your house. The payment is interest only in the beginning and at a much better rate than a credit card.
This option has become more and more popular after the refinance boom of 2020 where many secured mortgages around 3% vs today’s rates of 6% to 7%