A Home Equity Line of Credit (HELOC) is a variable rate line of credit based on the available equity in your current home. Borrowers often secure this type of "second mortgage" to help finance home repairs, pay college tuition bills or even take a well-deserved dream vacation. The HELOC is a line of revolving credit, so it can be used for immediate needs or simply kept in place for emergency purposes or future desires. The interest may be tax deductible.

For more details on securing a HELOC for your financial needs, call a Total Mortgage expert now at 877-868-2503.

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