A Home Equity Line of Credit (HELOC) allows you to leverage a portion of the equity in your home as a convenient financing source. The amount of equity you have in your home is determined by subtracting the amount of your current mortgage balance from the appraised value of your home. The difference is your “equity”.
Don't assume that because they are younger and tech savvy, they won't fall victim to a scam. Be sure to warn your loved ones and to reach out to your credit union or other trusted financial partner if you think you have been scammed.