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

The interest rate cut issued by the Federal Reserve last week may have only lowered the benchmark rate by a quarter of a percentage point, but it inevitably led to a series of questions and ...

Key Takeaways Technically, you can use home equity financing to pay off a home loan, but that's often counterproductive.The only ways to access home equity are to sell your home or take out new ...

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.

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 ...

Miranda Marquit is a staff senior personal finance editor for Buy Side. Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance expert. A home ...

Borrowing costs are finally easing for homeowners as the Federal Reserve cuts rates. Home equity loan and home equity line of credit (HELOC) interest rates have been consistently declining, making it ...

Picture this. You're enjoying an outing in your favorite weekend getaway town. A for-sale sign in front of a charming little cottage catches your eye. Your heart beats a little faster because you can ...

Learn how to get the best rate on a home equity loan Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side. Edited By Written by ...