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

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants ...

A home equity loan lets you borrow money using your home as collateral. You'll get a lump-sum payment and repay the loan with fixed-rate interest over a predetermined term. Some or all of the ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Skylar ...

Home equity loans and lines of credit are the most common way to finance a home addition. Need more space at your house? A home addition could be the solution. It’s a strategy many homeowners ...

Natalie toggles between news stories and enterprise reporting to bring timely personal finance topics to readers. Her mission is to help inform people of all financial backgrounds about events ...

With a home equity loan, you can borrow against the value of your property to fund renovations, start a business, consolidate debt or cover any other major expense. Home equity loans have lower ...

Borrowing money from your home could be a smart financial move in 2025. . Borrowing money via a home equity loan has ...

Most people associate a mortgage with buying a house, but a construction loan finances the home build — from purchasing ... payments during the building or remodeling phase, with the principal ...

Benefits of a home equity loan include consistent monthly payments, lower interest rates, long repayment timelines and a ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...