Current home equity loan rates are a little bit lower than current HELOC rates. If you're looking to fund a home improvement project or repair, a home equity loan can be an affordable way to do so.

But home equity loan rates fluctuate in response to federal funds rate adjustments — so it's important to keep an eye on what the rate trends are for these types of loans. Read on to learn what ...

And a home equity loan? This is one of the most popular ways to do it. A home equity loan allows you to borrow money by using the equity in your home as collateral. It’s considered a type of ...

A home equity loan is a type of secured loan that turns your home's equity — the difference between your home's current value and your mortgage balance — into cash you can borrow. These loans ...

So, how much does a $200,000 home equity loan cost per month now, in the interest rate environment of early 2025? That's what we'll break down below. Home equity loan monthly payments are ...

Understanding this dilemma, many are wondering about their personal loan options and, for homeowners, their home equity loan alternatives. Both personal loans and home equity loans, in particular ...

You build equity in your house every time you pay down your mortgage or home values rise in your area. And when you sell the house, that equity translates to profits in your pocket. While you ...

She writes about small business, personal finance, technology, and more. Maskot / Getty Images A home equity loan and a personal loan both offer one-time, lump-sum payments that are required to be ...

A home equity loan gives you a lump sum to pay back over a set period with fixed payments, while a HELOC works more like a credit card, allowing you to access funds as needed during a draw period ...

For homeowners who are looking to tap into their home’s equity for extra cash, a home equity loan might be a good option. However, this type of loan also comes with risks to keep in mind ...