HELOC
A revolving home-equity line of credit. Its public record carries a credit limit, never a balance; interest accrues only on what's drawn, minimum payments are interest-only, and the rate can move — so it carries no lifetime cost figure.
| Audience | Name |
|---|---|
| Engineering (code) | heloc |
| Design (UI label) | — |
| Borrower-facing | line of credit |
| Do not use | — |
Sources
- POC code — src/lib/ground.ts
- Clarity Engine PRD V7 — Changelog C3
Related
HELOC Credit Limit, HELOC Drawn Balance, Available to Draw, Home-Equity Loan, Refinance Reason Tag
Referenced by
Assumed Line Rate, Draw, HELOC Credit Limit, Home-Equity Loan, Payment Calculator, Refinance Reason Tag, Reverse Mortgage, Staged Spend, Unresolved Cash Fork