You can use home equity to pay off high-interest debt or improve your home, but it’s important to understand the risks.

A home equity loan is usually in the form of a fixed-rate lump sum based on your home’s available value. Home equity lines of credit (Helocs) are revolving lines of credit based on your available ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. A home equity line of ...

Becoming a homeowner is a major milestone, and the benefits don’t end when you cross the threshold. Under the right circumstances, you can use your home as a tool to reach other financial goals. In ...

HELOCs allow flexible withdrawals similar to credit cards during the initial draw period. HELOC interest rates are usually variable, potentially increasing repayment costs. Unlike HELOCs, home equity ...