Key takeaways A home equity loan can be a good option to consolidate debt, as it usually carries lower interest rates and longer terms than other financing options. Advantages of using home equity ...

Technically, you can use home equity financing to pay off a home loan, but that's often counterproductive. The only ways to access home equity are to sell your home or take out new financing, which ...

Home equity loans this spring may be smart in some scenarios, but ill-advised in others. Here's what to consider.

HELOC rates are at three-year lows, with the average rate for a $30,000 HELOC sitting at 7.31%, according to the latest ...

A home equity loan, often viewed as a financial lifeline, can provide homeowners with access to a substantial amount of funds ...

Jake Safane has nearly 15 years of journalism and marketing experience on topics ranging from local entrepreneurship to international banking. He has written for publications such as The Economist, LA ...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

How does a home equity loan work? First, it’s important to understand that the term home equity loan is simply a catchall for the different ways the equity in your home can be used to access cash. The ...

The most common type of reverse mortgage, the Home Equity Conversion Mortgage (HECM), is backed by the U.S. Department of Housing and Urban Development. Homeowners must be 62 or older, have 50% or ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Yes, you can have both a HELOC and a home equity loan at the same time, ...