Home equity loans and personal loans are both viable ways to borrow money. But which is cheaper in today's economy?

But before you consider this type of financing, understand five common misconceptions about home equity loans. For You: 5 Types of Homes That Will Plummet in Value in 2024 Trending Now: ...

Our picks for the providers with the best personal loans are LightStream, SoFi Bank, PenFed Credit Union, Discover Bank and ...

The best debt consolidation loans are from LightStream, SoFi and PenFed Credit Union, all of which offer interest rates lower ...

“Banks and lenders promote home improvement loans as a specific type of loan, but truly, it is the same type of home equity loan or line of credit you can take out. The funds are just being used ...

Hope that that the Federal Reserve would cut its federal funds rate in March and, thus, pave the way for home equity loan rates to decline further was eliminated last week when the bank kept the ...

Compared with other options, interest rates on home equity loans are usually better than personal loan rates and credit card rates. Current home equity loan rates We track home equity loan rates ...

Achieve Loans (NMLS #1810501) offers home equity lines of credit (HELOCs). Its product is targeted toward people struggling with high-interest debt, like credit card debt. With a HELOC from ...

Despite their advantages, home equity loans come with risks: You could lose your home if you miss payments, owe more than your home’s worth, and your credit score could suffer. Home equity loans ...

Kiah Treece is a small business owner and personal finance expert with experience in loans ... renovate your home, consolidate debt or cover another major expense, then a home equity loan might ...

MORE: Read our review of Rocket Mortgage mortgage What you should know about Rocket Mortgage home equity loans The maximum amount you can borrow with a home equity loan (called your combined-loan ...