A home equity line of credit (HELOC) comes with distinct pros and cons if opened this May. Here are four to know.

Lenders view a first-lien HELOC as less risky because it serves as the main loan on your home. If you can't repay and your ...

Knowing what your monthly HELOC payment could be is an important part of determining whether this type of home equity product ...

Home equity lending products have come to the forefront of homeowner funding sources as rates for home equity loans and home ...

Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

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

With a home equity line of credit (or HELOC), you can borrow against the equity you have in your house to access a revolving line of credit that can be used for ongoing home renovations ...

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow exactly ...

While your home equity shouldn’t be the first place you go to cover a cash shortfall, a home equity line of credit (HELOC) ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

What’s driving home equity rates today? HELOCs and home equity loans have fallen substantially from the highs reached at the ...