Home Equity Loans

A home equity loan allows the borrower to use the equity in their home to pay down their mortgage or to pay for other major financial expenses, such as college expenses, home remodels, and business ventures. Moreover, home equity loans may be a good choice for homeowners who wish to set up more predictable monthly payments, or lock in payments with a fixed or discounted interest rate. This section provides various resources to help you understand the home equity loan process and options, including in-depth discussion of home equity lines of credit, types of interest rates, closing and continuing costs, and repayment terms and safeguards. Also included are tips to protect yourself when taking out a home equity loan, and how to avoid home equity loan scam artists.

Learn About Home Equity Loans