If you're a homeowner looking for a way to tap into your home's value and borrow money, a home equity loan might seem like an ...

As with your original mortgage, you must meet certain requirements to be eligible for a home equity loan. Though these vary by lender, to get a home equity loan, you typically must have at least ...

Because your LTV ratio is below 85%, you’ll likely be approved for a home equity loan if you meet your chosen lender’s credit requirements. In this scenario, you might be able to borrow as ...

Before taking out a home equity loan, make sure to consider their unique characteristics and requirements. First, home equity loans have similar requirements to mortgages. You'll typically need ...

Compared to unsecured loan alternatives, a home equity loan comes with additional costs and requirements that can make it a less convenient option if you're in need of funds. You'll need to have ...

Home equity loans and home improvement loans can fund your home remodel projects, but they serve different needs with ...

Do cash-out refinances have lower credit score requirements than HELOCs or home equity loans? Yes, since cash-out refinances are the primary mortgage on a home, lenders can be willing to grant ...

Every lender has slightly different qualifications for home equity loans and HELOCs, but you can expect to meet general requirements around your credit score, debt-to-income ratio and level of ...

We also like that Discover approves loans for borrowers with as little as 10% equity and in nearly every state. Other home equity lenders have tighter requirements and are much more geographically ...

The most common type is a Home Equity Conversion Mortgage (HECM), which is backed by the federal government but also has maximum loan limits and specific borrower requirements. Reverse mortgages ...

With a home equity loan, you can borrow against the value of your property to fund renovations, start a business, consolidate debt or cover other major expenses. Home equity loans have lower ...

Guaranteed Rate also offers home equity lines of credit (HELOCs). Our ratings take into account interest rates, lender fees, loan types, discounts, accessibility, borrower requirements and other ...