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Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
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Home Equity Loans and Lines of Credit 101 (HELOC)


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A home equity loan is a loan secured by the equity in your house or apartment.

You can either take the proceeds as cash or use the loan as a line of credit to borrow money if and when you need it. 

A particularly advantageous type of loan for a person with increased expenes due to a medical condition is one which only requires payment of interest for a period of time, with an interest rate after that period of time locked in.

To learn what you need to know about home equity loans, see be.ow..


  • If you take out a home-equity loan and are unable to make the required repayments, you could lose your home. This could be particularly problematic if the loan has a variable interest rate and the interest rate rises to the extent that you cannot make monthly payments.
  • Read the below section about avoid fraud. For instance, be wary of shady brokers and "too good to be true" offers.

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