One home equity borrowing option is much more affordable today, but what about in the long run? Here's what to know.

In the evolving interest rate climate of 2025, this is now the least expensive way to borrow from your home equity.

"A HELOC may be easier to qualify for than a home equity loan due to the interest rates," says Jeremy Schachter, branch ...

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow exactly ...

The biggest selling point of homeownership is that it builds wealth while renting is wasted money. But that's only true if ...

Homeowners gained $3T in equity in 2024. A HELOC might help in short-term crises, but weigh risks, alternatives and timing ...

Lenders view a first-lien HELOC as less risky because it serves as the main loan on your home. If you can't repay and your ...

With a home equity line of credit (or HELOC), you can borrow against the equity you have in your house to access a revolving line of credit that can be used for ongoing home renovations ...

Accessing your home’s equity can be a pivotal financial move if you have a specific use for that equity. To meet the ...

A rate and term refinance is used to pay off the current loan, including late fees or prepayment penalties that the borrower ...

One major benefit of a HELOC is the flexibility it offers. For example, if you take out a $300,000 HELOC but only use ...