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

The home equity borrowing rate climate cooled again this week. But should homeowners wait for rates to fall further?

There are a few different factors that could impact your HELOC limit this August, and some of them may surprise you. . This ...

This uncertainty introduces interest rate risk, especially for HELOCs with variable rates, meaning borrowing costs could ...

If you’re planning to tackle a home renovation project in 2025—whether it's updating your kitchen, adding a new bathroom, or ...

If you're a homeowner in need of extra cash—whether it's for a major renovation, debt consolidation, or an unexpected expense ...

If you're considering a home equity line of credit (HELOC), it's not just the loan approval process or interest rates you ...

First, Heloc rates are affected by the prime rate, which is influenced by the federal-funds rate set by the Federal Reserve. Federal Reserve decisions take place eight times a year.

Both a HELOC and home equity loan allow you to tap into your home equity. However, the most noteworthy difference between these second mortgages is in the way you receive the funds.

If you’re happy with your mortgage rate but want to tap into your home’s equity, consider how the Federal Reserve’s next ...

Average HELOC Balances Increased by 7.2% in 2024 Overall, HELOC debt nationwide grew to $359.9 billion in 2024. This recent growth trend follows a decade of hibernation, during which time the ...