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Money may be tight right now. And for some folks, even with the stimulus money, you may still need some extra cash to tide you over. If you own your home, then a Home Equity Line of Credit, aka as a HELOC, may be a good solution.
Here’s a simple explanation to help you better understand second mortgages
Home ownership can bring about a lot of positive aspects, including the ability to tap into any equity when you need cash. Here we answer the simple question, what is a second mortgage and why would I need one?