Should you tap into your home equity line of credit?

By: Josephine Lim | CreditCards.ca | August 6, 2015

Read More, and see what Scott Plaskett says about when is it the right time to use a HELOC.

There are many ways to access credit: credit cards, lines of credit, personal loans. Homeowners have another option: a home equity line of credit (HELOC), which allows you to tap into the appraised value of your home. But, like any other credit product, if you don’t use and repay it responsibly, you’ll find yourself in trouble…