With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...

If you own your home, your home equity may make it possible to access a significant amount of money when you need it. In fact, the average homeowner has around $206,000 of tappable equity in their ...

Commissions do not affect our editors' opinions or evaluations. If you’ve built sufficient equity in your home, a home equity line of credit (HELOC) can be a good option to access the cash you need.

Have a home equity loan? Refinancing to a HELOC right now could reduce your interest rate. Here's what to know.

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow exactly ...

With the average homeowner in possession of approximately $320,000 worth of home equity right now, your home may be your best option for borrowing large sums of money. And with products like home ...

With a HELOC, then, you'll be able to gain access to that new, higher amount via a product with a declining interest rate. Have you checked your credit card statement lately? Or have you looked at ...

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum ...

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are ...

Americans with mortgages hold a record $17.2 trillion in home equity, according to updated ICE Mortgage Monitor data. If you’re among homeowners who’ve seen your home value soar, tapping into ...

A HELOC lets you tap into the equity in your home for whatever you need — giving you access to more money, more cheaply than other borrowing options. What is a home equity line of credit (HELOC)? A ...