This weekend, USA Today ran an article detailing the HELOC Home Equity Line of Credit and compared it to a Home Equity Loan. With a HELOC you are tapping into the available equity in your home, while a home equity loan is more like a second mortgage. The article is a good lesson on the differences between the two products, how to qualify, and circumstances to use each. Here is a link to the story:
Dorsey Alston is proud to partner with Jan Wagner and Jessica Jakulski at BankSouth Mortgage. Reach out to Jan or Jessica for more information on the HELOC and Home Equity Loan.
