Dear Liz: I borrowed $35,000 from my home equity account a couple of years ago to pay for a new roof. The house is paid for; there is no mortgage. My wife thinks I should pay off the balance, which is ...

Like a home equity loan, a Heloc is a type of debt based on how much value you’ve built in your house. However, a Heloc is a ...

Achieve reports a HELOC allows homeowners to borrow against home equity for expenses like debt consolidation, with flexible ...

Reina Marszalek is a staff senior personal finance editor at Buy Side from WSJ. Staff Deputy Personal Finance Editor, Buy Side from WSJ Valerie Morris is a staff deputy personal finance editor at Buy ...

Many homeowners misunderstand how equity works, from what it is to how much they can borrow and what that really means for ...

Tapping into your home equity offers a way to borrow money at lower rates than unsecured loans. Here's how two key options compare on costs, ...

Explore the differences between loans and lines of credit, including usage, repayment, and interest rates to make informed ...

Interest rates aren't great right now — at least on most consumer borrowing products. If you're a homeowner, though, you actually have access to some of the lowest-rate options around: Home equity ...

At today's average HELOC rate of 7.82%, if you drew the full $200,000 from the line of credit, you'd pay approximately $2,407 ...

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 ...