<ul><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes by borrowing against the equity they have built up.</li><li>HELOCs offer flexibility as a variable-rate second mortgage, while home equity loans provide fixed-rate, lump-sum loans, both using the property as collateral.</li><li>Different loan amounts and terms cater to various financial needs and projects, with shorter terms suitable for quicker payoffs and longer terms for larger investments.</li><li>Building equity in your home through mortgage payments increases net worth and wealth, making home equity loans a way to build long-term financial health, with borrowing limits based on home equity and competitive interest rates.</li></ul>

Current HELOC & Home Equity Loan Rates: May 29, 2025

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