One home equity borrowing option is much more affordable today, but what about in the long run? Here's what to know.

The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow ...

Home equity lines of credit (Helocs) are revolving lines of credit based on your available equity and generally have variable interest rates. Both types of home equity borrowing options can cost ...

Additionally, homeowners with low credit scores may want to avoid refinancing this May, Cohn says. A HELOC lender may charge ...

A home equity loan and a home equity line of credit are both types of second mortgages. Use the money from a second mortgage however you want, but be prepared to pay closing costs. If you need to ...

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow exactly ...