Best HELOC lenders Best brick-and-mortar lender: Bank of America Best for small withdrawals: Third Federal Savings and Loan Best for fixed-rate HELOCs: Bethpage Federal Credit Union Best for e ...

HELOC rates are a little higher than current mortgage rates, but they could still allow a homeowner to save money on borrowing for construction costs or consolidating debt when compared to ...

But you must be an eligible member of the military community to become a Navy Federal member and qualify for its HELOC. Connexus Credit Union offers a low introductory APR for more than a year ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

Navy Federal Credit Union’s HELOC stands out for its long draw period of 20 years and lack of fees, but qualifications to join the credit union are narrow: eligibility is limited to current or ...

Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

kate_sept2004 / Getty Images A home equity line of credit (HELOC) is a line of credit that uses the equity you have in your home as collateral. The amount of credit available to you depends on the ...

renovating or leveraging home equity may be a smart move," says Denya Macaluso, vice president of residential lending at MSU Federal Credit Union. "A home equity line of credit can be beneficial ...

closing at Navy Federal Credit Union. When you borrow through a HELOC, you’re borrowing against your home’s equity. If home prices and property values drop, you could wind up owing more than ...