That's the average, meaning that many homeowners have even more equity to potentially utilize. With options ranging from home equity loans to home equity lines of credit (HELOCs) to cash-out ...

A home equity line of credit (HELOC) is a powerful borrowing tool in some situations, but it's not right for everyone.

A HELOC could offer a cost-effective way to purchase a second home now. Here's what homeowners should consider.

If you're looking to borrow a large sum of money now, a HELOC could be better than a personal loan. This is why.

Home equity loans and home improvement loans can fund your home remodel projects, but they serve different needs with ...

These are some of the key benefits and drawbacks to consider. Pros of Using a HELOC for Your Business Exploring alternatives to a HELOC is critical for business owners who want to minimize ...

While the benefits make it sound like one of the most flexible and convenient forms of borrowing money against your property, there are key downsides to consider. HELOCs often come with variable ...

The alignment of consumer demand and investor appetite makes home-based alternative financing a vital tool in modern ...

Here’s how they compare — including benefits, drawbacks and how rates work — to find the best for your needs, budget and financial situation. Home equity is the difference between your home ...

Standout benefits: BoA doesn't charge application fees, annual fees or closing costs for HELOCs. Who's this for? Third Federal has no minimum draw, so you can take out only what you need and ...

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 ...