If the Fed indicates additional rate cuts to come in the winter or spring, HELOC rates may fall in anticipation of that action. But if it looks like rates will remain paused, HELOC rates may stay ...

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.

A simple rule can prevent you from overdoing it with a home equity line of credit. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does ...

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 ...

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 ...

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 ...

Current home equity loan rates are a little bit lower than current HELOC rates. If you're looking to fund a home improvement project or repair, a home equity loan can be an affordable way to do so.

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 ...

Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

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 ...

Bank of America’s HELOC stands out for offering multiple types of rate discounts, especially for current Bank of America customers. Its fixed-rate option can help keep payments predictable.

Homeowners can get access to a large sum of cash at a fixed rate by borrowing against their property's value with a home equity loan. Katherine Watt is a CNET Money writer focusing on mortgages ...