<ul data-eligibleForWebStory="false"><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes, with a home equity loan being a fixed-rate lump sum and a HELOC a variable-rate second mortgage.</li><li>Different loan amounts are suitable for various financial needs, with $100K, $250K, and $500K HELOCs offering increasing borrowing power for projects and investments.</li><li>Terms ranging from 5 to 30 years provide flexibility in repayment options, catering to different financial goals and project sizes.</li><li>Home equity contributes to building wealth by increasing net worth, with equity calculated as the home's value minus the mortgage balance, affecting loan approval and financial planning.</li></ul>

Today’s HELOC & Home Equity Loan Rates: July 11, 2025

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