How Does Taking Out a HELOC Affect Your Credit Score?
A Home Equity Line of Credit or HELOC is a popular financial tool for homeowners in 2025. HELOCs offer flexible borrowing because they operate like a credit card secured by your home, with draw periods (5-10 years) and repayment phases. But how does a HELOC impact your credit score? The reality: It causes a temporary… Read More »