This does not influence our opinions or our ratings, which are editorially independent. A home equity loan can help you consolidate high-interest debt and finance home repairs or improvements.

You can take equity out of your home using one of these tools: More than if you had a mortgage, that’s for sure. If the mortgage has been paid in full, you have 100 percent equity in your home.

Key takeaways A lower credit score doesn’t necessarily mean a lender will deny you a home equity loan. It does mean the loan ...

"A HELOC may be easier to qualify for than a home equity loan due to the interest rates," says Jeremy Schachter, branch ...

One home equity borrowing option is much more affordable today, but what about in the long run? Here's what to know.