<ul><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 being a variable-rate second mortgage.</li><li>Options like a $100K HELOC, $250K HELOC, and $500K HELOC provide borrowing power for different financial needs, with varying rates, terms, and loan-to-value (LTV) options.</li><li>Different term lengths such as 5-year, 10-year, 15-year, 20-year, and 30-year loans offer borrowers flexibility in repayment periods, monthly payments, and suitability for various projects or financial goals.</li><li>Building home equity through mortgage payments increases net worth, and HELOCs enable homeowners to access cash based on their property's equity through a revolving line of credit, providing flexibility in borrowing and interest payments.</li></ul>

Today’s HELOC & Home Equity Loan Rates: May 1, 2025

Discover more