+12 Home Equity Lone Of Credit Government Financial Complaint 2022. You don't have to use the funds for a specific purpose. However, financial regulations also stipulate that your.

A home equity line of credit (heloc) is a line of credit that uses the equity you have in your home as collateral. The more your home is worth, the larger the line of credit. Over the past 15 years, home equity lines of credit (helocs) have emerged as the single largest contributor to the growth of household debt in canada, after mortgages.