<ul><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.</li><li>Home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home's value and pay it back in installments.</li><li>HELOC is a variable-rate second mortgage that provides a revolving line of credit based on the home's value.</li><li>Both options use the home as collateral, and failure to repay can result in the seizure of the property.</li></ul>

Current HELOC & Home Equity Loan Rates: February 26, 2025

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