Birdwatch Archive

Birdwatch Note Rating

2023-02-27 16:07:23 UTC - HELPFUL

Rated by Participant: FDCF27B7D5C0BEAB8080DEB3FBF65E3F11FFF03A4A0CF54FFB12BFD250F9E15D
Participant Details

Original Note:

Home Equity Lines of Credit (HELOCs) do not allow someone to borrow from “themselves” rather than a bank. The money is loaned by a bank, with home equity as collateral for the loan. https://www.rocketmortgage.com/learn/home-equity-line-of-credit https://www.bankofamerica.com/mortgage/learn/what-is-a-home-equity-line-of-credit/ https://www.nerdwallet.com/article/mortgages/heloc-home-equity-line-of-credit https://www.wsj.com/buyside/personal-finance/what-is-a-home-equity-line-of-credit-01669668213

All Note Details

Original Tweet

All Information

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  • helpfulnessLevel - HELPFUL
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