HELOCs can be used for nearly purpose, including funding your business, but be aware of the associated risks. Getty Images According to real estate analytics firm CoreLogic, American homeowners have an average of over $274,000 in home equity in 2023. Many are choosing to tap into that equity for cash through a home equity loan or home equity line of credit (HELOC), with HELOC lending reaching its highest level since 2007 in 2022. Homeowners can access cash through their homes for various purposes, such as to consolidate high-interest credit cards or fund a major home renovation. You can even use your cash from you
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