What is the credit limit for a home equity line of credit (HELOC)?
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What is the credit limit for a home equity line of credit (HELOC)?
Line of CreditA line of credit (LOC) is a preset borrowing limit that can be used at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. A LOC is...
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