Being approved for a $40,000 line of credit isn't always easy. And, right now, with the average credit card interest rate just under a recent record high, it isn't exactly cheap either. Before getting ...

Monthly payments on a home equity loan of this size have dropped following recent Federal Reserve interest rate cuts.

If you meet the minimum requirements, refinancing a home equity loan may lower your interest rate and reduce your monthly payments. Some or all of the mortgage lenders featured on our site are ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are ...

Your payment is calculated based on your chosen interest rate and repayment period. The type of loan (interest-only or amortizing) will determine the loan payment formula and how interest is ...

You’re considering a home equity loan but aren’t sure how much you can borrow. It depends on how much of your home you own outright. More specifically, lenders calculate the difference between your ...

If your home’s market value exceeds the debt you owe on your property, you could take advantage of your home equity and borrow against it. As a homeowner, you have two main options: a home equity loan ...

Homeowners in the U.S. have relied on two familiar methods for accessing their housing wealth, otherwise known as equity, in the past. Those two methods are home equity loans and home equity lines of ...

Owning a home can yield valuable benefits, including the opportunity to accumulate equity in the property. Equity is the difference between what you owe on the home and its fair market value. There ...