<ul data-eligibleForWebStory="false"><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to access the value of their homes through fixed-rate loans or variable-rate second mortgages.</li><li>HELOCs are available for amounts ranging from $100K to $500K, with different terms like 5, 10, 15, 20, and 30 years to suit various financial needs.</li><li>Home equity loans are secured loans that offer competitive interest rates based on the equity in your home, using it as collateral. Lenders typically approve loans based on a certain loan-to-value (LTV) ratio.</li><li>Borrowing against home equity can be used for major financial needs, and calculating equity involves subtracting your home's value from your mortgage balance. Some lenders may require an LTV of 80% or less for approval.</li></ul>

Current HELOC & Home Equity Loan Rates: July 8, 2025

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