Homeowners considering tapping their property’s equity can choose between two products: home equity loans and home equity ...

Defaulting on a home equity loan or HELOC can result in the loss of your home, as it was pledged as collateral for the debt. Being in default typically occurs after four consecutive missed ...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

As of July 9, 2025, the average home equity loan rate is 8.26%, according to Bankrate’s regular survey of rates. The average ...

Home equity grows when you make mortgage payments and when your house appreciates in value. Once you have built up a certain amount of it, generally at least 15% to 20% of your home’s value, you ...

A home equity loan isn’t a life-altering mortgage refi. It’s often a tactical move — to upgrade a kitchen, pay tuition, or consolidate and manage high-interest debt.

15-year home equity loan at 8.45%: $1,963.62; 10-year HELOC at 8.04%: $2,430.78; ... so it's important to borrow responsibly since your home is at risk if you default on the loan.

Certain home loans and HELOCs might use variable or adjustable interest rates. In this case, the interest rate you're charged ...

Home equity loans are secured loans; if you fail to keep up with repayments, the lien on the property gives a lender the right to sell your house to collect what's owed.

Defaulting on a home equity loan or HELOC can result in the loss of your home, as it was pledged as collateral for the debt. Being in default typically occurs after four consecutive missed ...