Here’s what you should know before getting a home equity loan. A home equity loan is essentially a second mortgage that lets you borrow against your home’s equity, which is the difference ...

To tap that home equity, homeowners have to turn to banks, credit unions and other lenders for tools such as home equity ...

Annual or early closure fees may apply. A home equity loan, or HEL, is a second mortgage where a portion of your home's equity is delivered to you in a lump sum. These generally have a fixed ...

Here is a list of our partners and here's how we make money. A home equity loan is a second mortgage that lets you borrow from the value of your home (minus what you owe). NerdWallet’s picks for ...

Home equity loans and home improvement loans can fund your home remodel projects, but they serve different needs with ...

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

Self-employed and interested in tapping into your home's equity with a second mortgage? A bank statement loan can help you bypass traditional tax return requirements, which can muddle the reality ...

Chris Jennings is formally a writer and editor with more than seven years of experience in the personal finance and mortgage space ... then a home equity loan might be a good option.

Compare two options for accessing the cash in your home — cash-out refinancing or home equity loans — to pay for renovations, consolidate debt or support education expenses. Includes pros, cons and ...

A home equity loan allows you to borrow money by using the equity in your home as collateral. It’s considered a type of "second mortgage" because you take it on in addition to your primary ...

The cost of home renovations can be overwhelming if you use spare cash to pay for the work. A better solution for some ...

What is a home equity loan? A home equity loan is a type of second mortgage that lets you borrow from the equity you have in your home. Home equity loans work by leveraging the wealth you've built ...