A Home Equity Line of Credit (HELOC) is a revolving loan that allows homeowners to borrow against the equity in their home. Unlike a traditional loan, you can borrow and repay during the draw period.

HELOC rates just fell to a multi-year low. Here's what the monthly payments on a $30,000 HELOC will look like now.

But with a Fed rate cut issued at the end of October, which followed one in September, costs here may already be low enough ...

Monthly payments on a home equity loan of this size have dropped following recent Federal Reserve interest rate cuts.

With inflation showing recent upticks and interest rates remaining elevated, borrowers are facing higher loan costs and stretched household budgets. Federal Reserve rate cuts in the coming months may ...

Home equity loans and home equity lines of credit, or HELOCs, are two ways to turn some of your equity into cash. Some or all of the mortgage lenders featured on our site are advertising partners of ...

Decide whether a home equity loan or line of credit is best suited for your financial goals Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance ...

Learn how to get the best rate on a home equity loan Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side. Edited By Written by ...

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are ...