Both products provide financing with traditionally low rates, but there are unique benefits and downsides to both.

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

More lenders are approving home equity loans without traditional appraisals, cutting weeks off the process. Here's how ...

Like a home equity loan, a Heloc is a type of debt based on how much value you’ve built in your house. However, a Heloc is a ...

Despite the Federal Reserve's best efforts, inflation has held firm. Due to that, the Fed held firm, keeping the federal funds rate steady in March. This benchmark interest rate influences the cost of ...

Miranda Marquit is a staff senior personal finance editor for Buy Side. Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance expert. A home ...

Home equity loan interest rates are down a bit compared to a year ago, largely thanks to the Federal Reserve's late-2024 rate cuts. Case in point: A 5-year home equity loan averaged nearly 9% in ...

Becoming a homeowner is a major milestone, and the benefits don't end when you cross the threshold. Under the right circumstances, you can use your home as a tool to reach other financial goals. In ...

Is a home equity loan right for you? You’ve been faithfully paying your mortgage for decades, watching your home’s value climb while your loan balance shrinks. Now that you’re approaching or already ...