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Both home equity loans and home equity lines of credit can be useful tools for homeowners who need access to affordable financing. Home equity loans are usually fixed-rate loans paid out as a single lump sum, while home equity lines of credit work as a credit line with a variable rate and flexible withdrawals over time.

Refinancing a HELOC can help you achieve more manageable payments, lower your interest rate, or access more cash for additional expenses. This guide shows you how to do it.

Interest-only HELOCs can be a good way to tap your home equity, but they do have disadvantages. Should you use one for your financial needs? This guide can help.

If you are looking for a way to get some extra cash to pay off credit card debt, send your kids to college, take a big vacation, or renovate your home, you have probably found a second mortgage or home equity loan as an option. A “second mortgage” is a generic term that is used to […]

If you are looking to access some cash from the value of your home, you have two types of loans to consider. A home equity loan is a second loan on your residence that allows you to borrow against the equity you have in your home. A cash-out refinance loan, on the other hand, lets […]