<human>: What are the pros and cons of a home equity line of credit?
<bot>: 
Pros: 
 • Can provide additional cash flow for emergency needs or other expenses.
 • May allow you to borrow against your home's equity without having to sell it.
 • Offers lower interest rates than credit cards or personal loans.

Cons:
• Must pay off the entire balance each month, so if you don't have enough income, you may need to take out a second mortgage or get another loan.
 • If you're not careful with how you manage it, you could end up paying more in interest than you originally borrowed.