With the Fed set to meet soon to determine interest rate policy, homeowners may be thinking of taking action now.

Before getting started, however, it's always important to first calculate your potential costs, even if you're just borrowing ...

Home equity loan requirements include a good credit score, sufficient equity in your home, and more. Learn whether you qualify for a home equity loan.

Older homeowners — those of the Gen X and baby boomer generations — were less sanguine about using home equity to invest.

When deciding between a personal loan or a home equity loan, consider your unique financial situation and how you plan on using the funds.

Kiah Treece is a small business owner and personal finance expert with experience ... consolidate debt or cover another major expense, then a home equity loan might be a good option.

Compared with other options, interest rates on home equity loans are usually better than personal loan rates and credit card rates. Current home equity loan rates We track home equity loan rates ...

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 ...

This one doesn’t involve your home equity, but if you need funds and the above aren’t valid options, a personal loan or line of credit may be something to consider. These can be either ...

She previously wrote about personal finance for NextAdvisor ... Forbes and Bloomberg. A home equity loan is a fixed-rate installment loan secured by your home as a second mortgage.

Home equity represents the portion of your home ... “When you take unsecured credit card or personal loan debt and secure it with your home, the consequences of default are a whole different ...

My daughter bought a home for roughly $350,000 then took out two loans for $20,000. I've heard debt consolidation is a bad thing to do, but this might be her best option as she can't make all of the ...