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

It can make sense to refinance your home equity loan as interest rates decline, but only in certain circumstances.

As of October 1, 2025, the average home equity loan rate is 8.21%, according to Bankrate’s regular survey of rates. The average range is between 5.49% and 10.75%. Home equity loan interest rates also ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

SoFi reports that home equity loans include fixed-rate loans, HELOCs, and cash-out refinancing, with options varying based on financial needs.

A HELOC is a revolving line of credit backed by the value of your home. Typically, a HELOC has a 10-year draw period followed by a 20-year repayment period. It is often referred to as a second ...

How does a home equity loan work? First, it's important to understand that the term home equity loan is simply a catchall for the different ways the equity in your home can be used to access cash. The ...