Understanding HELOCs with Marshfield Medical Center Credit Union If you’re a homeowner, you might have heard the term “HELOC” tossed around in conversations about financial planning or home improvement. But what exactly is a HELOC, and when should you consider getting one? Let’s dive into the world of Home Equity Lines of Credit (HELOCs)… What...Read More

A home equity loan is a type of loan where a homeowner can borrow against the equity in their home, which is the difference between the home’s market value and the outstanding mortgage balance. Equity in your home is calculated as the difference between your home’s value and your mortgage balance. Loans are secured against...Read More