Home equity loans are secured by your equity, which is the difference between the property's value and any existing mortgage balance. For example, if you owe $150,000 on a home valued at $250,000 ...

Home equity agreements don't charge monthly payments, and they have lower credit score requirements than home equity loans. Homeowners could be on the hook for a higher repayment if their homes ...

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

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 ...

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

What to know about home equity loan rates this July. Home equity loans typically have fixed interest rates, so they're not as directly tied to the Fed's moves in monetary policy.

More homeowners are considering home equity loans in 2025 as interest rates have settled around 8.23%. While that's still above the rates of recent years, it beats paying over 20% on credit cards ...

Currently, the average rate on each is primarily the same (home equity loans at 8.27% versus 8.25% for HELOCs), but thanks to that variable rate, that similarity may not last much longer, ...