Home equity line of credit (HELOC) vs. home equity loan: What’s the difference?
Know the differences between these debt products before you put your home on the line.
7 min read
Jun 11, 2025
Taylor Freitas
Contributor, Personal Finance
Taylor Freitas is a Bankrate contributor with over a decade of professional journalism experience. Over her career, she has covered various topics, including personal finance, credit cards, travel rewards, home ownership, mortgages, and home improvement.
When she isn’t writing, Taylor can be found using points and miles to explore new countries (most recently, Cambodia and Vietnam), discovering new music, and cheering on her beloved USC Trojans.
Find Taylor Freitas beyond Bankrate
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Taylor's latest articles
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Real estate commissions in South Carolina: What to expect
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You pay a lump sum now to cut future monthly payments. But there are drawbacks.
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First, you cry. Then you fix the issue. Here’s how.
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This type of account can help your child save for retirement as soon as they start earning income.
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When comparing college costs, don’t stop at the published tuition and fees.
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