Home equity loan rates fell this week, leading some prospective borrowers to wonder if it's better than a HELOC now.

A home equity loan is usually a fixed-rate lump sum based on the value available in your home. Home equity lines of credit ...

A home equity line of credit ... fixed monthly payment. Interest rates are slightly higher than the rates on HELOCs but lower compared to some other forms of financing, such as credit cards.

Home equity lines of credit ... do a hard check of your credit. You'll likely also be asked for documentation for your home and current mortgage, like recent mortgage statements or property ...

"The rates on an equity line are much lower than a credit ... by your home. If you can't make your payments, you risk foreclosure. Not to mention, you're taking on an additional debt payment ...

With a home equity line of credit (or HELOC), you can borrow against ... which are given as a lump-sum cash payment. Because a HELOC allows homeowners to borrow only what they need, you can ...

That means that more than 9 percent of homeowners with a mortgage every year are exposed to a drop in their credit scores. Home equity lines of credit ... in their monthly payment, and they ...

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A home equity loan is best if you know how much you need to borrow and prefer to keep the same monthly payment for the life of your loan. A HELOC is a revolving line of credit, similar to the way ...