What is the major advantage to having a home equity line of credit (HELOC)?

Question

Quizplus · Accepted Answer

The major advantage of having a home equity line of credit (HELOC) is that it acts like a revolving charge account, meaning you can withdraw money as needed and only pay interest on the amount used. This provides flexibility and can be used for various expenses such as home improvements, college tuition, or emergency expenses. A, B, and D are not accurate advantages of a HELOC.

What Is the Major Advantage to Having a Home Equity