Home equity loans are just one way to access your home's untapped equity. If you're considering borrowing against your property, you might also consider a home equity line of credit, or HELOC, and cash-out mortgage refinancing. Here's how your options compare: Home Equity Loans HELOCs Ca...
Additional requirements:Must be a member of the credit union. Perks:Introductory rate for the first six months of your loan term. Spring EQ Good online application user experience Spring EQoperates in 38 states and offers home equity loans, HELOCs and interest-only HELOCs. While Spring EQ does...
Home equity loans are just one way to access your home's untapped equity. If you're considering borrowing against your property, you might also consider a home equity line of credit, or HELOC, and cash-out mortgage refinancing. Here's how your options compare: Home Equity Loans HELOCs Ca...
Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in English literature....
Explore loans up to $500,000 with no impact on your credit score Loan amount FIND MY RATES 7 Best Home Equity Loan Lenders of 2025 Have you or your spouse served in the military? We’ve got more home loan options for you. Show me Lender ▾ ▾ NerdWallet Rating ▾ ▾...
Explore your top home equity loan options here.5 simple ways to get the best home equity loan rate right now If you want to borrow against your home equity at the best rate possible, the following strategies could come in handy:Understand your credit score ...
It may also benefit you to consider the alternatives to a home equity loan. For example, a home equity line of credit (HELOC) might offer lower initial rates than a home equity loan — and it also offers more flexibility in terms of borrowing. However, HELOC rates are typically variable...
If one of the best credit cards for balance transfers isn’t an option for you, there are still ways to save money if you’re looking for a helping hand to pay down high-interest credit card debt. A personal loan or a home equity loan may be a good option for those who need to...
Best for you:Proceeds from your home sale, personal loan or low-interest credit card. Best for your loved one:Home equity loan or HELOC. Moving in with a family member or loved one may mean you have fewer options for customizing your living space. Talk with your loved one about potential...
A home equity loan is not the right choice for every borrower. Depending on what you need the money for, one of these options may be a better fit: Home equity line of credit (HELOC) Home equity loans and home equity lines of credit (HELOCs) are both loans backed by the equity in ...