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

Considering borrowing with a HELOC this year? Then start thinking about the answers to these three questions now.

These HELOCs give you the option to lock some or all of your balance in at a fixed rate. This can be beneficial if interest rates start rising. For example, Bank of America, one of our top HELOC ...

The interest rate on fixed-rate HELOCs stays the same, as opposed to fluctuating as it does with traditional HELOCs. Some lenders let you convert part of a traditional variable-rate HELOC balance ...

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

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 ...

With a home equity loan, you receive a one-time lump sum upfront. Then you’ll repay the debt over time in fixed installments, usually with a fixed interest rate. Unlike the HELOC, you’ll need ...

Home equity loans typically have fixed rates, meaning your rate will stay the same until you pay off the loan. Home equity lines of credit, or HELOCs, usually come with variable rates where the ...

An expanding HELOC market may create more competition for credit card issuers and alternative lenders. We sat down with ...

Experts recommend keeping HELOC borrowing small and short-term to avoid higher payments from rising rates. Consider ...

Alternatives to home equity lines of credit include a home equity loan, which offers a lump sum with a fixed rate, or a cash-out refinance, which replaces your existing mortgage with a larger loan.

With a home equity loan, you receive your money in one lump sum, and you repay what you borrow with a fixed interest rate that doesn’t change for the life of the loan. Because of this ...