A home equity loan could be a smart and effective way to pay down your credit card debt this year. Here's why.

Considering a home equity loan in 2025? Start by thinking about the answers to these three critical questions.

Your equity equals your home's current value minus the amount you owe on it. You can borrow against this equity, preferably ...

The average rate on a $30,000 home equity line of credit (HELOC) steadied at 8.28 percent this week — close to its lowest ...

kate_sept2004 / Getty Images A home equity line of credit (HELOC) is a line of credit that uses the equity you have in your home as collateral. The amount of credit available to you depends on the ...

Moving to a smaller home is one way to save money on housing in retirement. Smaller homes are generally less expensive and have lower tax assessments and reduced heating and cooling costs. However, it ...

If you already have a credit card or personal loan and are paying a high interest rate on the balance, you may also want to consider using a home equity loan or home equity line of credit (HELOC ...

Credit card issuers can lose customers to home equity lines of credit (HELOCs), which allow homeowners to borrow money ...

Timing the next HELOC rate drop can be difficult and is something that existing borrowers won't need to worry about ( their rates will adjust independently each month ). That said, based on recent ...

Among your options are a home equity loan or a home equity line of credit (HELOC) that you can use to pay for significant or unforeseen expenses, including paying down high-interest debt or paying ...

you may be wondering how a home equity loan affects your credit rating. Whether taking out the loan harms or helps your score largely depends on your current credit rating factors like how much ...