diff --git a/Best-home-Equity-Credit-Line-%28HELOC%29-Rates-For-June-2025.md b/Best-home-Equity-Credit-Line-%28HELOC%29-Rates-For-June-2025.md
new file mode 100644
index 0000000..d85787a
--- /dev/null
+++ b/Best-home-Equity-Credit-Line-%28HELOC%29-Rates-For-June-2025.md
@@ -0,0 +1,15 @@
+
Lets you tap home equity without disturbing the main mortgage (good if you've locked in a low rate).
+
Typically lower upfront expenses than home equity loans.
+
Lower rate of interest than with credit cards.
+
Usually low or no closing costs.
+
Interest charged only on the quantity of money you use.
+
- Close X Icon Lenders might need minimum draws.
+
- Close X Icon Interest rates can change up or downward.
+
- Close X Icon Lenders may charge a range of charges, including yearly charges, application fees, cancellation costs or early closure fees.
+
- Close X Icon Late or missed payments can damage your credit and put your home at threat.
+
Alternatives to a HELOC
+
A HELOC is not the right option for each customer. Depending on what you need the cash for, one of these alternative options may be a better fit:
+
HELOC vs. home equity loan
+
While comparable in some methods - they both enable house owners to obtain against the equity in their homes - HELOCs and home equity loans have a couple of distinct differences. A HELOC functions like a credit card with a revolving credit line and usually has variable rate of interest. A home equity loan operates more like a 2nd mortgage, offering funds in advance in a swelling amount at a fixed rate of interest.
+
HELOC vs. cash-out refinance
+
A cash-out refinance replaces your current home mortgage with a bigger mortgage. The difference in between the [initial mortgage](https://atofabproperties.com) and the new loan is paid out to you in a lump sum. The [primary difference](https://blue-shark.ae) between a cash-out re-finance and a HELOC is that a cash-out re-finance requires you to change your present mortgage, while a HELOC leaves your existing mortgage undamaged
\ No newline at end of file