How a HELOC can advance your business
It can be easier for an entrepreneur to get, but it means hocking the home for your enterprise.
9 min read
Aug 26, 2025
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
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Pros and cons of a home equity line of credit (HELOC)
A HELOC has low interest rates, but it requires you to use your home as collateral.
12 min read Aug 25, 2025 -
Mortgagor vs. mortgagee: What’s the difference?
These similar terms actually refer to parties on the opposite ends of a home loan.
3 min read Aug 20, 2025 -
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What is a no-closing-cost mortgage?
It puts off those pesky closing-day expenses. But you may pay for the delay.
5 min read Aug 07, 2025 -
What are real estate transfer taxes?
Real estate transfer taxes are different from property tax, estate tax and gift tax.
2 min read Aug 06, 2025 -
How requesting a credit limit increase affects your credit
Getting a boost to your credit line can be helpful for your credit score.
7 min read Aug 01, 2025 -
Joint mortgages: What are they and should you get one?
Joint mortgages are certainly possible, but they don’t necessarily mean joint ownership.
6 min read Jul 22, 2025