Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

Home equity loans and HELOCs (home equity lines of credit) both allow you to borrow against your ownership stake in your home. Both use your home as collateral, and may offer tax deductions if the ...

A home equity line of credit (HELOC) is a popular and versatile way for homeowners to access cash by borrowing against the home’s value. The six best uses for a HELOC are home improvements or ...