<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.</li><li>Home equity loans are fixed-rate, lump-sum loans allowing borrowing up to 85% of the home's value, while HELOCs are variable-rate second mortgages using home's value as a revolving line of credit.</li><li>Different loan terms (5-year, 10-year, 15-year, 20-year, and 30-year) cater to varying financial needs, from quick payoffs to long-term investments.</li><li>Borrowers can tap into home equity for projects, investments, debt consolidation, and education costs, leveraging the value of the property.</li></ul>

Today’s HELOC & Home Equity Loan Rates: July 3, 2025

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