Did you know there are different ways to borrow against the value of your home? We're talking about home equity lending, and it breaks down into two main types: home equity lines of credit (HELOC), and home equity loans. They sound the same, but there are a few key differences between a HELOC and a home equity loan. A home equity loan is a fixed amount, while a HELOC is a revolving line of credit. Think of the former like a mortgage or auto loan, and the latter like a credit card.

Home Equity Line of Credit

Learn more about home equity lines of credit (HELOC), and determine whether this type of financing is right for you.

Home Equity Loan

Find essential facts about home equity loans (HEL), including what they're best used for, how to get them, and typical terms.

Home Equity FAQ Knowledge Base