💨 Abstract
The article discusses first-lien HELOCs, a type of home equity line of credit that combines mortgage, credit line, and checking account functions. This loan offers flexibility to tap credit lines and pay less interest than a standard fixed-rate mortgage. It is less risky for lenders due to its first position on the home and can accelerate mortgage payoff.
Courtesy: wtop.com
Summarized by Einstein Beta 🤖
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