Home equity loans and mortgages both use your home as collateral, but there are important differences between the two.

Under federal law, you have three days to cancel your home equity loan. The lender is then required to return any money you paid and give up your claim.

If you took out a home equity loan between 2017 and 2025, you can deduct the interest if you used the loan funds to buy, build, or substantially improve the property.

There are no maximum age requirements to get a home equity loan or a home equity line of credit (HELOC), and lenders can't use age as a reason to deny you for a loan.

Savvy homeowners can take advantage of the lull in the home equity borrowing climate by making these three moves now.

A home equity agreement is a contract between a homeowner and an investor who provides immediate funding in exchange for a stake in the home's equity.

Plus, as Bankrate Senior Industry Analyst Ted Rossman points out, “some lenders likely prefer the certainty of home equity loans, as opposed to more flexible home equity lines of credit, given all of ...

A 40-year mortgage offers additional flexibility in exchange for paying more in interest over the life of the loan and taking ...

One major difference between Discover and Rocket Mortgage (aside from only the former listing its rates online) is that ...

The Fed's next moves will play a big role in what happens next with HELOC and home equity loan rates.

Don't rush into the home equity borrowing process this summer before first considering these three items.