A home equity loan allows you to borrow against the equity in your home. Learn how home equity loans work and how much you could borrow.

One of the biggest perks of owning a home is the equity it allows you to build. When you sell, that equity can translate to ...

Lenders typically want to see 15 to 20% in home equity before approving you for a home equity loan. To illustrate, if your home is valued at $375,000, your mortgage balance should not exceed $300,000.

A home equity loan allows you to borrow money by using your home's value as collateral for the loan. Here's a step-by-step look at how these loans work. Skip to Main Content ...

How to qualify for a home equity loan. To qualify for a home equity loan—and get the best interest rate—you usually need to have a good to excellent credit score (that’s 670 or higher) and a ...

A home equity loan is a one-time lump-sum loan against your equity that you pay back in monthly payments, usually over 10 to ...

Not much movement in home equity rates in the most recent week. The average rate on a $30,000 home equity line of credit ...

A home equity loan can be a useful financial tool. This type of financing may help you pay for home renovations, major repairs, or even consolidate high-interest debt. Yet some home equity loans ...

Say you have an existing home equity loan worth $50,000, your home is worth $400,000 and you have a balance of $200,000 remaining on your first mortgage. Your debt totals $250,000.

Taking out a home equity loan can be smart, but is it risky to take out if you have debt? Here's what to consider.

A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home equity, using their home as collateral. The loan amount you’re approved for is based on ...

The loan balance becomes due in full at the end of the loan term or sooner if the borrower sells the home. Mortgage terms are usually 10 years but can be up to 30 years.