🏡 HELOCs: A Love-Hate Relationship 🏡 Celebrating the payoff of our Home Equity Line of Credit (HELOC) this week! In 2021, as construction costs soared, we were in the middle of remodeling our home. A HELOC was the lifeline we needed to complete the project without indefinitely living in a demo’d house. However, reality hit hard. Our monthly payment more than quadrupled in just one year, from June 2022 to June 2023, all while the balance remained the same.