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

Before you take out a HELOC this May, make sure you understand these key things about the HELOC minimum draw requirements: ...

HELOCs and home equity loans have fallen substantially from the highs reached at the beginning of 2024, with HELOC rates in ...

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

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 ...

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 ...

Arc Home, a New Jersey-based mortgage lender and servicer specializing in Non-QM and non-agency loans, has named Lee Malone ...

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 ...

If you’re a retired homeowner, there’s a good chance that your property is worth far more than you paid for it. But is a ...

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 ...

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 ...