Family enjoying time together in their back yard

Fixed-rate HELOCs: How they work

A HELOC is a revolving line of credit that’s secured by your home, and that allows you to borrow money up to the line’s credit limit and repay it — with interest — over time. HELOCs typically have variable interest rates, meaning they fluctuate as market conditions change. But with a fixed-rate HELOC, part or […]