If you're looking to borrow a large sum of money now, a HELOC could be better than a personal loan. This is why.

A HELOC could offer a cost-effective way to purchase a second home now. Here's what homeowners should consider.

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 ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

With a fixed-rate HELOC, you have the option to fix the rate on some or all your balance during the loan's term. There may be limits on how many times you can fix your rate or how many fixes can ...

Before you take out a HELOC, it helps to know how much it will cost you monthly when repayment begins. We'll explain below how much it costs monthly to take out a $70,000 HELOC. See how much a $ ...

Equity is the market value of your home minus what you owe. You can borrow against it by getting a second mortgage or cash-out refinance. Some or all of the mortgage lenders featured on our site ...

Learn about our editorial policies Using a home equity loan to buy another house is technically possible if your mortgage company allows it, but that doesn't mean it's necessarily advisable.

While both home equity loans and home improvement loans can help fund your home remodel projects, they serve different needs and come with distinct pros and cons. Here’s how to decide which one ...

Compare two options for accessing the cash in your home — cash-out refinancing or home equity loans — to pay for renovations, consolidate debt or support education expenses. Includes pros, cons and ...

So, that’s why we launched the HELOC product,” Garg explained. “For our one-day HELOC product, we go from an application to a fully underwritten approval in less than eight hours for a HELOC ...