To refinance your home equity line of credit (HELOC), you can use a new HELOC, a home equity loan, or a new first mortgage.

A home equity line of credit (HELOC) might be a good choice if you need the cash, meet the qualifications, and don't mind putting your home at risk.

Continue reading Editorial Note: We earn a commission from partner ... to make sure this is an advantageous move. For example, while a HELOC will give you access to your home equity, it might ...

For example, the average HELOC rate was 8.36% at the start of the ... it's important to have an idea of what you could pay each month on your line of credit. Here's what your monthly payments ...

such as penalties for paying the line off early or a fee for exercising the conversion option. For example, Bank of America ...

We reviewed each HELOC company’s disclosures, licensing documents, marketing materials, sample loan agreements and websites to understand their loan offerings and terms.

Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

While your home equity shouldn’t be the first place you go to cover a cash shortfall, a home equity line of credit (HELOC) ...

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow exactly ...

A home equity line of credit, or HELOC ... This makes a HELOC great for covering recurring expenses (like tuition, for example) or unexpected repairs, medical bills, and other charges that ...