Home equity loan and HELOCs rates are based on a benchmark interest rate (the “index”), plus an additional amount set by the ...

But while you may gain freedom, you’ll also lose more than you think. Some losses, like a steady paycheck, are obvious.

A HELOC can be a smart borrowing tool — but only if used for the right reasons. Here's how to do that this summer.

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 ...

Borrowers can pay off a HELOC early at any time during the draw period or repayment period. Paying off a HELOC is not the ...

Jason Ruedy, Denver, CO, has noted a growing trend among homeowners who are merging their first and second mortgages in ...

Home equity lines of credit are being pushed hard by banks and lenders, even while delinquencies are on the rise. But why?

So, measure your alternatives carefully, but don't be surprised when you find out that most are more expensive now, ...

A HELOC draw period is the number of years you can withdraw funds from your home equity line of credit. During this time, you ...

Using a HELOC to pay off your mortgage may help you lower your interest rates on your home loan, potentially giving you a ...

Home equity loans and HELOCs are second mortgages that allow you to borrow against the equity you've built up while paying ...

MBA panelists highlighted the chance for loan officers to originate more HELOCs and other second-lien mortgages as the ...