But home equity loans are disbursed in one lump sum, so you'll immediately receive the full amount you're borrowing. You'll also begin principal and interest repayments right away. Home equity ...

Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

As long as the borrower lives in the house and meets specific reverse mortgage requirements, they do not have to make monthly ...

Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

As the federal funds rate continues to cool – the latest cut is expected to be issued this week - HELOC rates will become less expensive. They're already down by almost two full percentage ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

A home equity line of credit is secured by the equity you have built up in your home. It can be a powerful tool, but it also can be risky. Here's how a HELOC works, where to get one, and what ...

A home equity line of credit (HELOC) allows you to borrow against the value of your home to access a revolving line of credit you can use for ongoing home renovations, to pay for college or for ...

And that means understanding the unique dynamics of HELOC interest rates in today's economic climate. Below, we'll explain what to know right now. Start by seeing how low of a HELOC rate you could ...

If you own your home, your home equity may make it possible to access a significant amount of money when you need it. In fact, the average homeowner has around $206,000 of tappable equity in their ...

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum ...