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

The benefits of both have shifted in today's interest rate climate. Here's what potential borrowers should know now.

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 ...

Fortunately, interest rates on HELOCs have been on a steady decline for much of the last year. After falling for most of 2024 ...

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

How do HELOC rates work? HELOCs usually come with variable interest rates. This means the rate you pay could change periodically, causing your monthly payment to go up or down. Depending on your ...

If you're looking to fund a home improvement project or repair, a home equity loan can be an affordable way to do so. Compared with other options, interest rates on home equity loans are usually ...

For example, the flexibility of a HELOC makes it a great way to borrow money for any purpose. And interest rates are often lower than other types of loans and are only paid on the amount borrowed.

Forbes Advisor compiled a list of the best home equity loan lenders based on their starting interest rate, average closing time and other factors pertinent to a satisfying borrower experience.

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

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