<ul><li>Home equity loans and home equity lines of credit (HELOCs) provide homeowners with the ability to access the value of their homes.</li><li>HELOCs offer a variable-rate second mortgage that allows homeowners to borrow against the value of their homes on a revolving line of credit.</li><li>Home equity loans, on the other hand, are fixed-rate, lump-sum loans that allow borrowers to repay the borrowed amount in monthly installments.</li><li>Borrowing against home equity can be used for various financial needs, including major investments and home renovations.</li></ul>

Today’s HELOC & Home Equity Loan Rates: March 12, 2025

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