HELOC Vs. Home Equity Loan: Which is Better?

By Lynnette Khalfani-Cox, The Money Coach®

As a homeowner, if you’ve build up equity in your property, and you need to tap that equity for any reason, you may be wondering: which is better—a HELOC or a home equity loan?

Both financial offerings give you a way to convert the equity in your home into usable cash, yet HELOCs and home equity loans differ in key ways.  Continue reading