Home Equity

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What is Home Equity?

Home Equity is the part of a home's value that the mortgage borrower owns outright; the difference between the fair market value of the home and the principal balances of all mortgage loans.

Product Rate Change
30K Home Equity Loan 5.18%  0.02
50K Home Equity Loan 4.61%  0.05
75K Home Equity Loan 4.58%  0.05
 

Ask Dr. Don

HELOC vs. reverse mortgage?

Dear Senior Living Adviser, If you have a home equity line of credit , or HELOC, for $150,000 with no balance on it, should you use it instead of a reverse mortgage? Which is a better way to save the assets if there is... Read more

Top Story

Retirees walking out to the front of their house | Jupiterimages/Getty Images

3 ways seniors tap home equity

Seniors who need money to meet expenses have three options, each with pros and cons. Read more

Latest Home Equity Headlines

Good, bad ways to use home equity

There are many reasons to tap home equity, but some of them might not make sense for you.Read more

Millions catch the remodeling bug

Survey: These renovations are the most popular ones Americans plan to do.Read more

Wise and foolish ways to use debt

Credit cards, personal loans, home equity debt: We weigh upsides and downsides of each.Read more

Interest Rate Trends & Analysis

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