<ul data-eligibleForWebStory="true"><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.</li><li>Both options use your property as collateral for your payments, with the risk of losing your home if payments are not made.</li><li>Different terms for HELOCs and home equity loans provide options for borrowers based on financial needs, from shorter repayment periods to maximizing affordability with longer terms.</li><li>Understanding your home equity, which represents your home's value minus the remaining mortgage balance, is crucial for wealth accumulation and accessing financing options like home equity loans, HELOCs, or cash-out refinancing.</li></ul>

Current HELOC & Home Equity Loan Rates: July 1, 2025

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