Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

When a HELoan or HELOC makes sense, what to keep in mind before borrowing and other financing options available for upgrading ...

A downward trend in the home equity borrowing interest rate climate has reversed course in recent weeks, with rates on both home equity loans and home equity lines of credit (HELOCs) stalling.

When you need to borrow a substantial sum of money, like $100,000, the financing options available to you can dramatically impact your wallet over both the short- and long-term. After all, the ...

Learn how to get the best rate on a home equity loan Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side. Edited By Written by ...

Despite their advantages, home equity loans come with risks — including the potential to lose your home if you miss payments. Ideally, they should be used to finance home improvements or consolidate ...

With the mortgage market in turnaround, many homeowners are looking to tap their home equity rather than sell. One of the largest home lenders in the U.S., Rocket Mortgage, also has some of the most ...

Home equity is the portion of your property's value that you own outright. To determine how much equity you have, subtract the balance on your mortgage from the house's current market value. For ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.