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

Minimums: You typically must convert a certain minimum to get a HELOC rate lock, which could be $2,000 up to $5,000, but it ...

Debt-to-income ratios (DTIs) are one of the main reasons borrowers aren't able to get the best HELOC rate or, in some cases, ...

If you ask someone in the lending industry about home equity products, you may hear that home equity loans have fixed rates and home equity lines of credit, or HELOCs, have variable rates.

Another week, another drop for HELOCs: The average rate on the $30,000 home equity line of credit fell to 8.04 percent, its ...

using tools like home equity loans and home equity lines of credit (HELOCs). Not to be confused with refinancing, these are both types of second mortgages that you take out in addition to your ...

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

New week, new lows for home equity loans and lines of credit. The average rate on a $30,000 home equity line of credit (HELOC ...

I'm a 62-year-old woman, working part time. I'm struggling to afford the upkeep on my large home. I no longer need it and I am hoping to downsize, but condos in my area are scarce and often sell the ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

What is a HELOC? A home equity line of credit (HELOC) is a type of second mortgage that homeowners can use to get cash to fund home improvement projects, debt consolidation, or other financial goals.

The advantages of refinancing a mortgage can include lowering your interest rate, changing your loan term and unlocking some ...