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, so if you're comfortable with tha...

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 to set up, change, or cancel AutoPay for your mortgage or home equity loan with Mr Cooper. Find out how to handle unexpected changes to your automatic payment amount and get notified in advance.

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.

Equity is the difference between the appraised value in your home and the amount you owe on it. You can see gains in home equity in two ways: the first by chipping away at the principal of your loan, and the second by an increase in the market value of your home over time.

Here are the key elements included in your monthly statement, along with a visual guide to help you locate them: 1. Statement Information. This is your basic information, like the date your statement was generated, loan number, amount due, and payment due date. 2. Explanation of Am...

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.

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

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.