Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

With the Fed keeping rates paused, here's how to determine if a HELOC or home equity loan is better for homeowners.

Lenders view a first-lien HELOC as less risky because it serves as the main loan on your home. If you can't repay and your ...

Before you take out a HELOC this May, make sure you understand these key things about the HELOC minimum draw requirements: ...

Looking to borrow $15,000 worth of home equity right now? Here's how much it could cost you to pay it back monthly.

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow exactly ...

HELOCs and home equity loans have fallen substantially from the highs reached at the beginning of 2024, with HELOC rates in ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

Additionally, homeowners with low credit scores may want to avoid refinancing this May, Cohn says. A HELOC lender may charge ...

Arc Home, a New Jersey-based mortgage lender and servicer specializing in Non-QM and non-agency loans, has named Lee Malone ...

A home equity line of credit (HELOC) gives homeowners with at least 15% to 20% equity access to flexible financing. You can tap into that credit line for expenses such as home renovations or to ...