But if you're a homeowner, home equity lines of credit (HELOCs) and home equity loans generally have higher limits and lower ...

Getting a low monthly rate may seem like the most important factor when choosing a HELOC, but sometimes those low rates come at the expense of a balloon payment. A balloon payment requires you to pay ...

It's similar to a home equity loan or home equity line of credit (HELOC) in that you typically need to have at least 20% equity in your home to qualify.

Home equity loans are secured by your equity, which is the difference between the property's value and any existing mortgage balance. For example, if you owe $150,000 on a home valued at $250,000 ...