HELOC stands for Home Equity Line of Credit, which is a type of revolving credit line that is secured by the equity in a borrower’s home. It is a form of secondary financing that allows homeowners to borrow against the value of their homes, using their home equity as collateral.
HELOC
Angel Oak Mortgage Solutions taps into HELOCs
Atlanta-based nonqualified mortgage (non-QM) lender Angel Oak Mortgage Solutions is tapping into the home equity line of credit (HELOC) market amid elevated equity levels. Unlike traditional HELOCs that require a homeowner to have at […]