Thinking about tapping your home’s equity? Here’s what a $50,000 HELOC might cost you each month based on current rates.

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. To better understand why a HELOC is particularly timely and advantageous ...

Whether you’re funding renovations, consolidating debt, or planning for the future, the equity you have in your home can be a powerful financial tool. But what’s the best option for actually ...

How does a home equity loan work? First, it's important to understand that the term home equity loan is simply a catchall for the different ways the equity in your home can be used to access cash. The ...