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

With the Fed keeping rates paused, here's how to determine if a HELOC or home equity loan is better for homeowners.

While interest rates remain elevated on a variety of borrowing products, they've been in a steady decline on home equity ...

But you'll also receive notices urging you to pay immediately. Explore your HELOC and home equity loan borrowing options ...

HELOCs and home equity loans have fallen substantially from the highs reached at the beginning of 2024, with HELOC rates in ...

Lenders view a first-lien HELOC as less risky because it serves as the main loan on your home. If you can't repay and your ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

If you’re a retired homeowner, there’s a good chance that your property is worth far more than you paid for it — and that ...

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

One major benefit of a HELOC is the flexibility it offers. For example, if you take out a $300,000 HELOC but only use ...

There's no investment quite like a home. For many, it's an asset that can bolster wealth, expand opportunities and become a ...

A home equity line of credit (HELOC) is one way to take some of that value and turn it into cash. But is a HELOC the right solution during retirement? Let’s look at a few scenarios. Scenario 1 ...