Webdecades of low borrowing costs established home equity lines of credit, or helocs, as canadians’ top choice for financing anything from kitchen facelifts to third. Weba home equity line of credit (heloc) is a loan that allows you to borrow, spend, and repay as you go, using your home as collateral. Typically, you can borrow up to a specified. Webperhaps you're dreaming of a kitchen renovation or need to cover unexpected expenses. This is where a home equity line of credit (heloc) becomes a viable option. Weba home equity line of credit (heloc) is a secured form of credit. The lender uses your home as a guarantee that you'll pay back the money you borrow.
