Key takeawaysA home equity loan is usually a fixed-rate lump sum based on the value available in your home. Home equity lines ...

Rates on both home equity products are comparable now, but that doesn't mean repayments will be identical for long.

In other words, your residence can be a key financial resource for your family. Buying and maintaining a home builds an ...

One major difference between Discover and Rocket Mortgage (aside from only the former listing its rates online) is that ...

Home equity sounds like a pretty straightforward concept: it’s the portion of your home you truly own, free and clear of debt ...

If you're planning to borrow $100,000 worth of your home equity soon, it could make sense to use that money for the following ...

An uneventful week for home equity rates. The average rate on a $30,000 home equity line of credit (HELOC) was unchanged at 8 ...

Home equity loans are secured by your equity, which is the difference between the property's value and any existing mortgage balance. For example, if you owe $150,000 on a home valued at $250,000 ...

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for ...

Homeowners leverage their home equity through various strategies, such as HELOCs or reverse mortgages. A newer option: Shared ...

With the potential for interest rates to cool later this summer, here's what home equity borrowers should consider.

As a result, annual home equity increased by almost $22,000 per mortgaged borrower in Q3 2023. On the other hand, over the last year (leading to Q3 2024), ...