Borrowers can pay off a HELOC early at any time during the draw period or repayment period. Paying off a HELOC is not the same as actually closing a HELOC. There are benefits to paying off a HELOC ...

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 ...

Find out how affordable your home equity borrowing options are now.

Home equity levels are high these days. In fact, the average homeowner currently has over $300,000 of it, according to a recent report. That's equity you can borrow against to make repairs, renovate, ...

LaGrange recommends weighing non-HELOC options for tackling credit-card debt. If a HELOC turns out to be the best fit, he said, it's important for consumers to use whatever "brain game" tactics can ...

We’re not making any progress. We’re just paying interest only right now and will for the foreseeable future.” ...

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 ...

HELOCs might seem like an easy way to turn rising home equity into cash, especially when you’re struggling to make more than ...

A first-lien HELOC is a revolving line of credit that replaces your primary mortgage. The loan combines a checking account, mortgage and line of credit. First-lien HELOCs are best suited for ...

Forbes contributors publish independent expert analyses and insights. I am a financial planner and subject matter expert in college savings. “We need more cash to cover college: Is it a good idea to ...