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

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

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 ...

If nothing else, home equity contracts are expensive, even compared to other home-secured finance options. They may require consumers to pay hundreds of thousands of dollars at the end of their loan ...

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 ...

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.

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.

In March 2025, American homeowners were sitting on a record average of $313,000 in home equity, according to mortgage data firm Intercontinental Exchange (ICE). With a home equity loan, or HELOAN ...

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 ...