<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 provide a revolving line of credit based on the value of your home, while home equity loans offer a lump-sum loan with fixed rates.</li><li>The borrowing capacity for HELOCs depends on various factors such as the loan-to-value ratio (LTV) and the homeowner's needs.</li><li>Lenders usually approve up to a certain LTV ratio for home equity loans or lines of credit.</li></ul>

Current HELOC & Home Equity Loan Rates: November 26, 2024—Rates Are Mixed

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