An alternative — if you have sufficient home equity — is to take out a home equity line of credit (HELOC) on your current ...

Before you take out a HELOC this May, make sure you understand these key things about the HELOC minimum draw requirements: ...

Fact checked by Suzanne Kvilhaug If you’ve been a homeowner for a while and built up considerable equity in your home, you ...

Worried about getting your HELOC approved this May? Here's what lenders are looking for in a borrower right now.

Home equity loans come with fixed interest rates, monthly payments, and repayment timelines. You can use them for paying off credit card bills, consolidating debt, and making home improvements.

While you can use a HELOC for most expenses, be mindful that you’re taking out a loan that uses your home as collateral. Think twice before getting a HELOC for nonessentials like a luxury ...

Bathroom renovations can also recoup between 96.1% to 32.6%. "Investing in room renovations is a great way to use a HELOC," Stuart said. "These projects add to a home's identity, and can make a ...

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 2024 AARP report found that 75% of Americans ages 50 and over want to age in place — meaning they’d prefer to stay in their current homes rather than relocate or downsize. However, if you ...

Tapping into your home equity is a pretty straightforward way to access cash that might otherwise be hard to come by, and a ...