Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...
News last week that home equity loan interest rates hit a new 2025 low may have been welcome by borrowers, but it wasn't exactly unexpected. Home equity loan interest rates have been on a steady ...
Both products provide financing with traditionally low rates, but there are unique benefits and downsides to both.
With the mortgage market in turnaround, many homeowners are looking to tap their home equity rather than sell. One of the largest home lenders in the U.S., Rocket Mortgage, also has some of the most ...
How does a home equity loan work? First, it’s important to understand that the term home equity loan is simply a catchall for the different ways the equity in your home can be used to access cash. The ...
More lenders are approving home equity loans without traditional appraisals, cutting weeks off the process. Here's how ...
Is a home equity loan right for you? You’ve been faithfully paying your mortgage for decades, watching your home’s value climb while your loan balance shrinks. Now that you’re approaching or already ...
Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.
College is more expensive than ever, especially with federal cuts to student loan options. If you own your home, you may be considering using your home equity to fund your child's education. Instead ...