<ul><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.</li><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 and pay that amount back in monthly installments. 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>A $100K HELOC is suitable for more extensive renovation projects or other significant financial needs. Compare the rates and terms to find the best fit for your situation.</li><li>Home equity represents how much you own of your home compared to what the bank or mortgage lender owns. You can utilize your home's equity without paying off your home in full, whether through a home equity loan or a home equity line of credit (HELOC).</li></ul>

Today’s HELOC & Home Equity Loan Rates: March 19, 2025

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