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.

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.

Additionally, homeowners with low credit scores may want to avoid refinancing this May, Cohn says. A HELOC lender may charge ...

With the Fed keeping rates paused, here's how to determine if a HELOC or home equity loan is better for homeowners.

Unison is lowering the interest rate on its Equity Sharing Home Loan, which aims to help U.S. homeowners tap into record ...

The average interest rate on home equity loans — and HELOCs, their line-of-credit cousins — is currently less than 8.5 percent, far lower than the double-digit APRs on credit cards and ...

What’s driving home equity rates today? HELOCs and home equity loans have fallen substantially from the highs reached at the beginning of 2024, with HELOC rates in particular hitting lows not ...

rose one basis point this week to 7.95 percent, according to Bankrate’s national survey of lenders. Home equity loans held steady, with the average $30,000 home equity loan clocking in at 8.36 ...