If you’re going to pay off credit card debt with home equity, make sure to choose your borrowing option wisely. Pramote Polyamate/Getty Images Credit cards are rarely a low-cost way to borrow money, but if you’re carrying a revolving balance from month to month, you’re likely aware of how increasingly difficult it is to manage … Read more
A few factors could affect the cost of home equity borrowing this summer, experts say. Arkira/Getty Images Despite some periods of volatility, rates on home equity loans have been on a slow but steady decline for the past year or so. And while home equity line of credit (HELOC) rates have been a bit less … Read more
Homeowners should closely compare their home equity loan and HELOC costs before getting started with either. Nora Carol Photography/Getty Images With household debt levels high, credit card interest rates still sitting around 20% (on average) and inflation rising once again, millions of Americans now find themselves in need of extra financing. And they’ll need access … Read more
Home equity loan borrowing costs should be calculated closely by owners before they apply for the funds. the_burtons/Getty Images Home equity levels in the country hit a record high in 2025 and, according to a March report, the average amount of borrowable equity is over $11 trillion right now. Against this backdrop, withdrawing a relatively … Read more
The average homeowner is sitting on a record amount of equity from which to borrow from right now. Vstock The home equity borrowing space has been an especially interesting one in recent months. Even as interest rates on other borrowing products stagnated or, in the case of mortgages, ticked up, rates on home equity loans … Read more
The average homeowner has a record amount of equity from which to borrow now. Muhammad Aqib/Getty Images Borrowing home equity, whether it be via a home equity loan or home equity line of credit (HELOC) is a simple and effective way for homeowners to make ends meet. But they won’t be able to withdraw all … Read more
The average homeowner is sitting on a sizable amount of equity from which they can borrow from now. sinenkiy/Sinenkiy/Getty Images A report last week showing inflation surging once again may have been unwelcome, but it wasn’t surprising for millions of Americans. While a rate of 3.3% is the highest it’s been in years, many Americans … Read more
HELOC rates could experience big shifts by the end of this year, experts say, and there are a few reasons why. PM Images/Getty Images Interest rates on home equity lines of credit (HELOCs) are currently more affordable than they have been in quite a while. Over the last 18 months, they’ve fallen from around 9% … Read more
Homeowners need to carefully calculate their potential monthly HELOC costs before formally applying. Zhanna Hapanovich/Getty Images Borrowing money should always be done carefully and strategically. And that’s especially true when turning to home equity as the funding source. Failure to repay here can easily result in the home in question being foreclosed on, putting the … Read more
Before you tap into your home equity, it’s important to know which borrowing product is best right now. Seng Kui Lim/Getty Images Borrowing against your home rarely looks as appealing as it does right now. After years of higher-than-average interest rates that made tapping home equity feel like a financial gamble, the calculus has shifted … Read more