A home equity loan is also known as a second mortgage. Discover how this consumer loan can allow you to borrow against the ...

Discover the key differences between home equity loans and mortgages, including their purposes, stages of use, tax implications, and impact on your home equity.

Money’s main takeaways Home equity loans let you leverage the increase in your home’s value and use the proceeds for just about any purpose, from home renovations to consolidating high-interest debt.

How does a home equity loan work? First, it’s important to understand that the term home equity loan is simply a catchall for the different ways the equity in your home can be used to access cash. The ...

Do you need a home appraisal to qualify for a HELOC or home equity loan? While you've been focused on everything else life throws at you, your property has been working behind the scenes. Most people ...

Home equity levels are high these days. In fact, the average homeowner currently has over $300,000 of it, according to a recent report. That's equity you can borrow against to make repairs, renovate, ...

If you're a homeowner in need of extra financing in today's elevated interest rate climate, it may feel like you have few, affordable options. With personal loan interest rates hovering around 12% now ...

Recent Fed rate cuts have made home equity loans less expensive. Here's how much a $70,000 loan costs monthly now.