Want to borrow $50,000 worth of home equity now? Here's what a loan can cost monthly after the December Fed rate cut.

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home's value and pay that amount back in monthly installments.

Home equity loans are a financial tool that allows homeowners to leverage the equity they’ve built in their homes for different purposes, including home improvements, debt consolidation or funding other major expenses. However, before you apply for a ...

J.R. Duren is a content marketing writer for CBS MoneyWatch's Managing Your Money team. However, if you need your home equity loan funds by May, things could get tricky, as the average timeline from submitting a home equity loan application to receiving ...

More lenders are approving home equity loans without traditional appraisals, cutting weeks off the process. Here's how no-appraisal loans work, what you sacrifice — and when you actually need an appraiser.

While you've been focused on everything else life throws at you, your property has been working behind the scenes. Most people build equity as they pay down their mortgage and property values rise. Meanwhile, big expenses come up from time to time.

Is a home equity loan right for you? You’ve been faithfully paying your mortgage for decades, watching your home’s value climb while your loan balance shrinks. Now that you’re approaching or already in retirement, you’re sitting on a goldmine of ...

Home equity loans and home equity lines of credit (HELOCs) have lower interest rates than credit cards. That can lead some homeowners to use them to pay down large credit card bills. But this method isn't foolproof: Most notably, you're trading an ...