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What are the risks of a HELOC?
The biggest risk: your home is the collateral. If you can't make payments, you could lose your house. HELOCs also have variable rates (usually prime + margin), so your payment can increase as rates rise. Only use a HELOC if you have a clear, disciplined repayment plan.
Find out if a home equity line of credit is worth the risk for your situation.
Use the HELOC Worth It Calculator →By Sean Baldwin · Last reviewed July 2026 · Part of the HELOC Worth It Calculator guide.