<ul data-eligibleForWebStory="true"><li>Home equity loans and HELOCs allow homeowners to access the value of their homes.</li><li>HELOCs provide a variable-rate line of credit, while home equity loans offer a fixed-rate lump sum.</li><li>Both options use your property as collateral.</li><li>$100K HELOC suits extensive renovations, while $250K HELOC is for major investments.</li><li>$500K HELOC offers substantial borrowing power.</li><li>Shorter terms like 5 years have higher monthly payments, suitable for faster payoff.</li><li>10-year terms balance monthly payments for medium-sized projects.</li><li>15-year terms provide lower monthly payments for affordability.</li><li>20-year terms cater to larger investments and long-term planning.</li><li>30-year terms maximize affordability for substantial borrowing needs.</li><li>Building home equity requires on-time payments and avoiding significant home value depreciation.</li><li>Increased home equity contributes to higher net worth and long-term financial health.</li><li>Mortgage payments help build home equity and increase wealth.</li><li>HELOCs allow borrowing against home equity, paying interest only on amounts used.</li></ul>

Latest HELOC & Home Equity Loan Rates: June 12, 2025

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