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How a Home Equity Line of Credit Can HelpCheck our current HELOC rates and use our home equity line of credit calculator to see what you may be able to borrow based on the value of your home. Get a home equity loan that offers the money you need to pay for that home renovation, consolidate your debt, make a large purchase and more. A home equity line of credit (HELOC) lets you borrow against available equity with your home as collateral.