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 ...

Another week, another decline in HELOC rates. The average rate on a $30,000 home equity line of credit (HELOC) fell to 8.06 ...

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 ...

Marques and Shyra of Black, Married & Debt Free borrowed $120,000 from their paid-off home using a home equity line of credit ...

That creates an opportunity to borrow with a home equity line of credit (HELOC). A second home loan is a big commitment, but as a credit line, a HELOC offers a lot of flexibility. In fact ...

Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

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 ...