What is a HELCO??? [HELOC - Home Equity Line of Credit]

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tuffy7222
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What is a HELCO??? [HELOC - Home Equity Line of Credit]

Postby tuffy7222 » Thu May 18, 2017 1:27 pm

Can you tell me what a HELCO is???
I see it mention in threads
Thanks

alex_686
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Re: WHAT is a HELCO???

Postby alex_686 » Thu May 18, 2017 1:28 pm

Home Equity Line of Credit. It is a type of 2nd mortgage. Think of it as a jumbo credit card that is backed with the equity in your house.

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ruralavalon
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Re: WHAT is a HELCO???

Postby ruralavalon » Thu May 18, 2017 1:28 pm

tuffy7222 wrote:Can you tell me what a HELCO is???
I see it mention in threads
Thanks

A HELOC is a Home Equity Line Of Credit.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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David Jay
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Re: WHAT is a HELCO???

Postby David Jay » Thu May 18, 2017 6:32 pm

tuffy7222 wrote:I see it mention in threads


Because a lot of people can't type. It is a HELOC.
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billfromct
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Re: WHAT is a HELCO???

Postby billfromct » Thu May 18, 2017 7:03 pm

Hawaii Electric Light Company

bill

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mrc
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Re: WHAT is a HELCO???

Postby mrc » Thu May 18, 2017 7:13 pm

The place I worked a while back.
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arcticpineapplecorp.
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Re: WHAT is a HELCO???

Postby arcticpineapplecorp. » Thu May 18, 2017 7:21 pm

mrc wrote:The place I worked a while back.

classic post. just awesome. Thanks for that laugh.
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LadyGeek
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Re: What is a HELCO??? [HELOC - Home Equity Line of Credit]

Postby LadyGeek » Thu May 18, 2017 7:57 pm

This thread is now in the Investing - Theory, News & General forum (general question). I also retitled the thread for clarity.

Here's some background info: Home equity line of credit - Wikipedia

Also: Home-Equity Loans: What You Need To Know, from Investopedia.
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