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HELOC

Learn how a home equity line of credit (HELOC) works and how to find the best loan for your situation.

Editors' picks

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What Is a Home Equity Line of Credit (HELOC)?

Tim Maxwell profile imageBy Tim Maxwell
Aug 15, 2024
Illustration.

Best Ways to Use a HELOC

Gayle Sato profile imageBy Gayle Sato
May 29, 2024
A young man sitting at a desk holding papers and researching HELOCs on his laptop.

7 Myths and Facts About HELOCs

Louis DeNicola profile imageBy Louis DeNicola
May 1, 2023

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The latest from our experts

What You Need to Know About HELOCs in 2025

A variable-rate HELOC might be a good option if you need to borrow money and think interes...

Louis DeNicola profile imageBy Louis DeNicola
Nov 25, 2024

How Does a HELOC Affect Your Credit Score?

HELOCs can affect your credit scores just like other types of credit accounts. Here's how ...

Louis DeNicola profile imageBy Louis DeNicola
Oct 10, 2024

What Is an Interest-Only HELOC?

An interest-only HELOC can provide cash on an as-needed basis. You won't have to start rep...

Marianne Hayes profile imageBy Marianne Hayes
Aug 3, 2024

How to Pay for Home Improvements

One way to pay for home renovations is to finance some or all of your costs. If you take t...

Marianne Hayes profile imageBy Marianne Hayes
Mar 28, 2024

Requirements for a Home Equity Loan or HELOC

Good credit, low debt-to-income ratio and sufficient equity are among the requirements for...

Tim Maxwell profile imageBy Tim Maxwell
Oct 26, 2023

Can I Get a Home Equity Loan or HELOC if I’m Not on the Deed?

When applying for a HELOC, your name should be on the deed so your lender can verify you o...

Tim Maxwell profile imageBy Tim Maxwell
Oct 14, 2023

What Is a Good HELOC Interest Rate?

A good interest rate is one that is lower than the prevailing average HELOC rate. With goo...

Tim Maxwell profile imageBy Tim Maxwell
Oct 11, 2023

Can You Refinance a HELOC?

If you're struggling to make your monthly payments, refinancing your HELOC may be an optio...

Tim Maxwell profile imageBy Tim Maxwell
Aug 26, 2023

What Is a Fixed-Rate HELOC?

A fixed-rate HELOC can protect you from rising interest rates that increase your payment. ...

Tim Maxwell profile imageBy Tim Maxwell
Feb 13, 2023

What Is a HELOC Freeze or Reduction?

A homeowner may be able to ask for reversal of a HELOC freeze or reduction once the circum...

John Egan profile imageBy John Egan
Jan 17, 2023

Do HELOCs Require an Appraisal?

HELOC lenders typically require an appraisal, which determines your property's current val...

Emily Starbuck Gerson profile imageBy Emily Starbuck Gerson
Nov 20, 2022

Should You Take Out a HELOC?

Taking out a HELOC can be a good idea under certain circumstances, but it comes with risks...

Kathryn Pomroy profile imageBy Kathryn Pomroy
Nov 16, 2022

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