One can lose his home if he does not repay his home equity line of credit.

Question

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A home equity line of credit (HELOC) is a loan in which the borrower uses the value of their home as collateral. Failure to repay the HELOC can result in the lender foreclosing on the home to recover the money owed, potentially resulting in the borrower losing their home. Therefore, it is important to carefully consider the risks and benefits of a HELOC before taking one out and to ensure timely repayment.

One Can Lose His Home If He Does Not Repay