There are some credible reasons to borrow home equity from a paid-off home. Here are three owners should consider.

There's only one home equity borrowing product, however, that's arguably more beneficial than those two options and also poised to become even better in 2025 and that's a home equity loan. There are ...

However, in today's economic environment, HELOCs come with timely benefits that you won't have access to if you take the home equity loan route. Before getting started, then, it helps to ...

A home equity loan has important tax benefits that users should remember this filing season. Here's what to know.

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

While there are some benefits, here are some things to keep in mind when considering this loan: Interest-only HELOCs will have higher monthly payments when the repayment period begins HELOC ...

Compare two options for accessing the cash in your home — cash-out refinancing or home equity loans — to pay for renovations, ...

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 ...

Is one a good idea for you? Although the benefits of a home equity loan depend on your personal finances, taking out a home equity loan can benefit you if you use the funds to improve your home.

A HELOC can be a versatile financial tool, but like any credit product, it has its own benefits and drawbacks. Before deciding if a HELOC is right for you, it’s important to weigh the pros 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 ...

Standout benefits: BoA doesn't charge application fees, annual fees or closing costs for HELOCs and second homes are eligible. [ Jump to more details ] Who's this for? Third Federal has no ...