What is a home equity loan, exactly, and how does a home equity loan work? A: A home equity loan is a common way to get ...

HELOCs — or home equity lines of credit, are another type of second mortgage, though they work differently. (More on this later on). How does a home equity loan work? Taking out a home equity ...

Home equity loans and HELOCs have lower interest rates than credit cards, encouraging some homeowners to use them to pay off ...

Let’s look more closely at how HELOCs and home equity loans work, and how to determine which would work best for you. While they’re both borrowing methods, backed by your home as collateral ...

Using a $100,000 home equity loan for renovations opens up the door for a lot of customizations and upgrades that can drive ...

Stuck paying a high-rate home equity loan? Here are three reasons why it could be worth refinancing right now.

He enjoys simplifying complex mortgage topics for first-time homebuyers and homeowners alike. His work ... your home, consolidate debt or cover another major expense, then a home equity loan ...

However, there are risks and drawbacks to consider, so it’s best to do research to make sure ... purchases over time, while a home equity loan may work better if you have one big-ticket item ...

Renovating your home can be a great idea for a lot of reasons. Not only will you be able to increase your own quality of life ...

A better solution for some homeowners is to finance the work with a home equity ... How long does it take to get approved for ...

“It will work very similarly to a mortgage refinance,” Letson says. “You'll do a payoff of the current one and roll that into the new [loan].” The potential drawbacks of a home equity loan ...