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

If you’ve got a big, five-figure expense coming up – maybe a home renovation or a medical bill – you may be staring down two options: a HELOC (home equity line of credit) and a high-end credit card.

As of December 3, 2025, the average home equity loan rate is 7.99%, according to Bankrate’s regular survey of rates. The ...

As of the third quarter, Americans owe $1.23 trillion in credit card debt, an all-time high, the New York Fed says.

Founded in 1904, Bank of America is the largest HELOC lender in the U.S., with $25.5 billion loaned in the last quarter of 2024. We love BofA's home equity line of credit for its extensive draw range ...

Find out how affordable your home equity borrowing options are now.

Banks are pitching home-equity lines of credit as a cheaper form of borrowing as Federal Reserve rate cuts could lower HELOC rates to the mid-6% range, according to one estimate An increasing number ...

As home equity reaches record highs in the U.S., has begun accepting applications for new HELOCs) after pausing the product in 2020. Many lenders stopped offering home equity products during the ...

It depends. A HELOC can come in handy if you’re just starting out, but you could lose your home if you can’t make payments. Many, or all, of the products featured on this page are from our advertising ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Understanding these shifting dynamics is crucial, whether you're ...

NerdWallet's mortgage content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in home lending. Their work has appeared in The Associated ...

HELOC debt nationwide increased by 7.2% in 2024, marking the third consecutive year that HELOC balances have grown after a decade of decline. Long overlooked as a borrowing method, it would appear ...