6392 - Home Equity Booklet - What You Should Know About Home Equity Lines of Credit

*NEW BOOKLET shipping March 2023. CFPB will allow creditors to use existing stock at their option until exhausted.

The Home Equity Lines of Credit booklet helps readers understand the important aspects of home equity lines of credit. Some of the items covered in this booklet include:

• Home Equity Plan Checklist
• What is a home equity line of credit?
• What should you look for when shopping for a plan?
• Costs of establishing and maintaining a home equity line
• How will you repay your home equity plan?
• Lines of credit vs. traditional second mortgage loans
• What if the lender freezes or reduces your line of credit?
• More resources

(This booklet was revised 08/2022)