Birdwatch Note Rating
2023-03-02 00:55:21 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 55FB572A2FBA0C3CFA6A07F5899B2F0079BCE42AD93B9EB8011047CC6AC1EF4B
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