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.

Dec 13, 2023 ... How do home equity loans work? They create a second mortgage against your home for the amount of equity you want to turn into cash.

Mar 1, 2024 ... Home equity loans** create a second mortgage against your home. For that reason, they're also known as “second lien loans.” In this case, the ...

Aug 19, 2025 ... A home equity loan (HEL) is a second mortgage that you take out against your house for the equity you want. So, if you need $25,000 to pay off ...

Our mortgage experts can help you find the best option to refinance or tap into your home's equity to get cash for remodels, repairs and more.

Aug 31, 2018 ... 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: ...

Get Cash Without Refinancing. With Mr. Cooper's home equity loan, you may be able to access your home's equity without losing the rate on your first mortgage.

Aug 8, 2018 ... One of the advantages of owning a home is that you'll build up equity as a homeowner, and you can potentially use it to finance other things ...

Homeequity loans and homeequitylinesof credit (HELOCs) allow homeowners to tap into the value of their home... Learn how a homeequity loan works, how to compare ...

Home Purchase and Refinance mortgage rates today for 30-year fixed, 15 ... Tap into your home's equity, with or without refinancing your first mortgage.