<ul><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.</li><li>Home equity loan is a fixed-rate, lump-sum loan while a HELOC is a variable-rate second mortgage that draws on home's value as a revolving line of credit.</li><li>Different loan options such as 5-year, 10-year, 15-year, 20-year, and 30-year terms are available for various financial needs and projects.</li><li>Your home equity is the appraised value of your home minus your remaining mortgage balance, and HELOCs are loans that allow you to borrow against your home's equity.</li></ul>

Today’s HELOC & Home Equity Loan Rates: April 30, 2025

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