<ul><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.</li><li>HELOCs offer a flexible, variable-rate second mortgage, while home equity loans provide fixed-rate, lump-sum loans up to 85% of a home's value.</li><li>HELOCs with varying amounts such as $100K, $250K, and $500K offer different borrowing capacities and repayment options over 5, 10, 15, 20, or 30-year terms.</li><li>Home equity and building wealth through increased equity are essential for long-term financial health, and HELOC rates are influenced by banks and Federal Reserve interest rate policies.</li></ul>

Current HELOC & Home Equity Loan Rates: May 9, 2025

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