Discover the key differences between home equity loans and mortgages, including their purposes, stages of use, tax implications, and impact on your home equity.

Discover the benefits and risks of using a home equity loan to pay off your mortgage. Explore strategies to lower payments and manage potential pitfalls.

Money’s main takeaways Home equity loans let you leverage the increase in your home’s value and use the proceeds for just about any purpose, from home renovations to consolidating high-interest debt.

Both offer viable ways to borrow $50,000 worth of home equity, but only one has timely benefits worth knowing now.

Personal loans and home equity loans are popular ways to fund home improvement projects, debt consolidation and other large fixed expenses. Generally, home equity loans are larger and come with lower ...

Americans with mortgages hold a record $17.8 trillion in home equity, according to updated ICE Mortgage Monitor data — and with the Fed's second rate cut of 2025 just behind us, now might be the time ...

Home equity is the portion of your property's value that you own outright. To determine how much equity you have, subtract the balance on your mortgage from the house's current market value. For ...

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 ...

IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), a leading provider of products and services that power the homeownership journey, has expanded its equityFREEDOM ...

Mortgages and home equity loans offer financing options for homeowners to buy a home or borrow cash from its equity. Your home secures each loan type. These loans typically have a fixed interest rate ...