<ul><li>A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value.</li><li>A home equity line of credit is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.</li><li>Home equity loans and lines of credit use your property as collateral, and failure to repay can result in the seizure of your property.</li><li>The amount you can borrow with a home equity loan or line of credit is determined by the equity you have in your home, based on its value and your outstanding mortgage balance.</li></ul>

Today’s HELOC & Home Equity Loan Rates: April 17, 2025

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