Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...

Both HELOCs and home equity loans have unique risks (and safety features) that borrowers should be aware of for 2025.

Both a HELOC and a home equity loan can be good ways to access your home equity this January, depending on your goals and ...

Your equity equals your home's current value minus the amount you owe on it. You can borrow against this equity, preferably ...

Among your options are a home equity loan or a home equity line of credit (HELOC) that you can use to pay for significant or unforeseen expenses, including paying down high-interest debt or paying ...

Caroline BasileMortgages and Student Loans Deputy Editor Caroline Basile ... If you’ve built sufficient equity in your home, a home equity line of credit (HELOC) can be a good option to access ...

What the market trends are: With current HELOC rates slightly lower, they could be the cheaper option for short-term ...

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking ... not include information about every financial or credit product or service.

The average rate on a $30,000 home equity line of credit (HELOC) steadied at 8.28 percent this week — close to its lowest ...

Home equity lines of credit, or HELOCs, usually come with variable rates where the rate changes periodically. Because home equity loans are a type of secured debt, they often have lower rates than ...

With a home equity line of credit (HELOC), you can borrow against ... HELOCs have lower interest rates than personal loans and give you more time to pay back the funds — as much as 30 years.

A home equity loan is a better fit if you need all of the funds upfront and won’t need to borrow again. Why Would You Need a Home Equity Line of Credit? A home equity line of credit provides the ...