Home Equity Loan & HELOC Guide
If you’ve owned your own home for a number of years, you probably have built up equity in the home. In other words, your loan balance is only a small fraction of the value of the home. That presents an opportunity: you can use your home equity to pursue other financial goals through a home equity loan or HELOC. However, it’s not always a good idea to take a home equity loan or HELOC. We created this resource center to educate homeowners about these options and some alternatives. Browse through the sections below to find answers to all your questions.