A home equity loan is usually set up as a revolving line of credit, typically with a variable interest rate.

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A home equity loan is often set up as a revolving line of credit, which allows the borrower to borrow up to a certain limit, repay the balance, and borrow again over the loan's term. The interest rate on a home equity loan is generally adjustable and may change periodically based on market conditions.

A Home Equity Loan Is Usually Set Up as a Revolving