If you have enough equity in your home to qualify, a home equity line of credit (HELOC) can be a convenient way to borrow money to fund a major home renovation.
Of course, what you do with the money from a HELOC is entirely up to you. In addition to home enhancements, you can use your HELOC to pay off high interest debt, college tuition or medical bills, renovate your bath or kitchen, take a vacation or pay for other expenses.
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