Frequently asked questions

How is the Better Home Line of Credit different from a HELOC?

A HELOC is a home equity line of credit secured by your home’s equity, whereas the Better Home Line of Credit is an unsecured line of credit. This program is intended for home improvement use but not secured by a loan on your home. It is also a closed-end personal loan, meaning that you have 9 months to use up to your maximum loan amount and then your loan must be repaid within a set amount of time.