<ul><li>Home equity loans and HELOCs allow homeowners to borrow against the value of their homes, with HELOCs being a revolving line of credit and home equity loans a fixed-rate lump sum option.</li><li>Home equity options use your property as collateral, and borrowing against your home equity can be used for various financial needs and projects.</li><li>Different terms for HELOCs and home equity loans offer varying repayment periods, interest rates, and borrowing limits, catering to different financial goals and needs.</li><li>The value of your home and the balance of your mortgage contribute to your home equity, and tapping into this equity through a home equity loan can provide funds for major expenses.</li></ul>

Current HELOC & Home Equity Loan Rates: May 20, 2025

Discover more