Cameron Reinoso on Instagram: "HELOCs explained 🏡💰 A HELOC lets you borrow against the equity in your home. It’s a flexible line of credit not a new mortgage and you only pay interest on what you use. Rates are usually tied to the prime rate plus a margin based on credit and equity 📊 Best used for renovations debt payoff or investing not lifestyle spending. Powerful tool if used right risky if not 🤔 Use a HELOC or skip it? Comment below 👇 Special thanks to @captainproperty0 for the inspirat