Quick Read The Tax Cuts and Jobs Act of 2017 eliminated the mortgage interest deduction for home equity loans unless funds are used to improve the home. Paying interest to gain a tax deduction rarely ...

While a HELOC can be useful for smart investments—like fixing up your home—it’s not something to use ... More casually, like buying the latest gadgets or funding a fancy vacation. Home equity lines of ...

Although there are no limitations on how you can use the money you get from a HELOC, Rosenstrock says you should be cautious about what you spend it on. Remember that a HELOC is a lien on your home, ...

Many, or all, of the below products are offered by advertisers who may compensate us when you visit their websites and/or apply for their products. This does not influence our opinions or our ratings, ...

With home values on the rise, HELOCs have become a popular way for homeowners to tap into their growing equity. A report from CoreLogic shows that U.S. homeowners with mortgages—about 62% of all homes ...

With a fixed-rate HELOC, you have the option to fix the rate on some or all your balance during the loan's term. There may be limits on how many times you can fix your rate or how many fixes can be ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. In recent years, both home equity loan and HELOC interest rates climbed ...

What’s driving home equity rates today? Rates on HELOCs and home equity loans are being driven primarily by two factors: lender competition for new customers and the Federal Reserve’s actions. The Fed ...