Home equity loans allow you to borrow against the equity in your home in the form of a lump sum payment. These loans are often used to finance major purchases such as renovations, college tuition or ...

Home equity levels are high these days. In fact, the average homeowner currently has over $300,000 of it, according to a ...

Recent swings in the stock market, inflation that remains above where the Federal Reserve would like it to be and an overall sense of uncertainty about the economy's health have left many Americans ...

J.R. Duren is a content marketing writer for CBS MoneyWatch's Managing Your Money team. However, if you need your home equity loan funds by May, things could get tricky, as the average timeline from ...

If you’re contemplating tapping your home equity, you’re not alone: Almost 30% of homeowners say they would consider borrowing against their residence’s value, according to a new survey from ...

U.S. homeowners are sitting on a record $34.5 trillion in home equity, and more are tapping that mountain of accessible assets. Home equity available to homeowners has risen by $600 million since the ...

Is a home equity loan right for you? You’ve been faithfully paying your mortgage for decades, watching your home’s value climb while your loan balance shrinks. Now that you’re approaching or already ...

If you've had your mortgage for a while or have built equity in your home, you may have considered refinancing. Refinancing is when you take out a new home loan to pay off the existing one to ...

How soon you can pull equity out of your home is not so much about time as it is about the size of your ownership stake. Most lenders typically require homeowners to have a minimum of 20% equity, and ...