Do you have upcoming expenses, home improvement projects, or financial goals that you can’t afford to pay for in cash? A home equity line of credit (HELOC) and a personal loan are both good options for financing. A HELOC may offer more borrowing power than a personal loan. Still, the latter is generally less risky and comes with predictable payments. So, how do you decide between the two? What is a HELOC? A home equity line of credit, also known as a HELOC, is a type of second mortgage. It is a secured ...