WHAT IS A HELOC? THEY ARE GROWING FAST!!

Sunday Dec 12th, 2021

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Canada’s total HELOC load continued exhibiting robust growth to reach a total of $270.2 billion in September, according to data from the Bank of Canada. # SANDI HALPERN # SOLD # LEASED # MORTGAGE # HELOC

A HELOC is a line of credit that a borrow takes against their home. You are using your house as collateral, or as a piggy bank to pull out equity in your home.

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