Stockton CA Help "Im stuck"

[German Aguilar]

Hi everyone

 So I'm your typical newbie i want to start and i have a lot of wants and a lot of drive to start my investing journey but i'm stuck and don't know where to start.

My goal is buy and holds. I have my first home and i would love for someone to explain to me a "heloc" in dumb dumb terms! 

thank you 

[Chris Mason]

Originally posted by @German Aguilar:

My goal is buy and holds. I have my first home and i would love for someone to explain to me a "heloc" in dumb dumb terms! 

Simplest terms possible: A HELOC is a credit card that is secured by a house, meaning if you don't pay your credit card bill - they get to foreclose on you. Typically, because of this, it's less risk than a typical unsecured credit card and you get a better rate.