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.

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.

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.

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.

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.

Learn how much insurance you need to cover your home and loan, and which types of insurance are required or optional for your property. Find out how to pay for insurance through your escrow account and what to do if you live in a high-risk area.

A home equity loan lets you borrow money using your home as collateral and repay it with fixed-rate interest over a term. Learn what a home equity loan is, how it works and how to compare rates and lenders.

You may be able to receive cash by leveraging home equity through a refinance. Do you need cash for home improvements, a college education, or to consolidate non-mortgage debt? Do you have substantial equity in your home? Consider refinancing it and getting cash back.

But if you need a higher limit, there are “ Jumbo Loan ” options that can allow qualifying homebuyers to borrow up to $2.5M. While you might see 20% as the common down payment amount suggested for your mortgage, there are options where qualifying borrowers can put as little as 3....

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. Learn how to turn your home equity into cash with a low, fixed rate and no closing costs.