What is a home equity loan?* A home equity loan lets you borrow money based on the value of your home. It’s a second mortgage, but you can use the money for whatever you need—like home improvements, paying off debt, or life expenses. Your current first mortgage remains the same, ...

Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction. Find out the pros and cons of this type of consumer debt and use the calculator to estimate your monthly payments.

For homebuyers who need larger loan amounts, High Balance and Super Conforming loan programs are available. If you’re looking for a loan with flexible credit requirements and a more manageable down payment, an FHA Loan—backed by the Federal Housing Administration—may be just the tick...

Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction. Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their home... ...

Rates as of July 10, 2025,9:00 AM CST. See legal disclosures. Tap into your home's equity, with or without refinancing your first mortgage. Lower your monthly payment. Pay off debt. Smart options for whatever’s next. Earn thousands in cash when you buy, sell, or both with Mr. Cooper....

A home equity line of credit, or HELOC, is another way to borrow using the equity in your home as collateral. However, with a HELOC, homeowners have the ability to borrow multiple times from the maximum amount available.

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their home... Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction.

Most use credit reports from the three primary credit bureaus (Experian, Transunion, and Equifax) to evaluate your credit score. Generally, homebuyers with higher credit scores qualify for lower interest rates. You can claim a free copy of your three credit reports every 12 months fr...

Need to know how to calculate equity and explore the option of tapping into your home’s equity for cash? Let Mr. Cooper explain.

Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction. Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their h...