<ul><li>Home equity loans and HELOCs allow homeowners to borrow against the value of their homes, with HELOC being a revolving line of credit and home equity loan offering a lump sum fixed-rate option.</li><li>HELOCs come in various amounts, like $100K, $250K, or $500K, catering to different financial needs and allowing homeowners to access funds for projects or investments.</li><li>Different term lengths, such as 5-year, 10-year, 15-year, 20-year, and 30-year, offer options for borrowers with varying repayment preferences and financial goals.</li><li>Home equity represents the portion of the home that the owner possesses, indicating accumulated wealth, and can be utilized through loans, lines of credit, or cash-out refinancing.</li></ul>

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

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