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.

You plan to keep your house for a long time. But it needs some work. Renovations are expensive, and you want to avoid getting ...

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

With interest rates elevated on everything from credit cards (near a record high of 23%) to personal loans, home equity loans and home equity lines of credit (HELOCs) have become clear ...

Federal Trade Commission. "Home Equity Loans and Home Equity Lines of Credit." Board of Governors of the Federal Reserve System. "Consumer Credit - G.19." Federal Reserve Bank of St. Louis ...

Homeowners may be able to easily access the equity in their homes, but these loans have higher interest rates and people risk losing their homes if they miss payments.

With much lower rates than credit cards and personal loans, by opting for these borrowing options, homeowners can save significantly on interest in most cases. Plus, in today's rising-price ...

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 ...

Caroline BasileMortgages and Student Loans Deputy Editor Caroline Basile ... If you’ve built sufficient equity in your home, a home equity line of credit (HELOC) can be a good option to access ...