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

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 ...

Our opinions are our own. A home equity line of credit, or HELOC, is a second mortgage that lets you convert some of the equity in your home back into debt in exchange for cash. Your equity is the ...

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

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 ...

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

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 ...

Looking to borrow $15,000 worth of home equity right now? Here's how much it could cost you to pay it back monthly.

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 ...

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 ...

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