Financial Education

Financial education to empower you when you make your next personal finance decision.

Home Equity Loans

How does a HELOC work?

Did you know you may be sitting on the money you need for a special project? Here's how you can access it with a HELOC.

Dana George
Home Equity Loans

What are the requirements for a home equity loan?

Thanks to the equity you've built, your home may be an excellent source of cash. Here's what it takes to access it.

Natasha Etzel
Home Equity Loans

What is a home equity loan?

Your home could be the key to financing your dreams. Meet the home equity loan.

Ben Gran

Ben Gran

Author

Home Equity Loans

Second mortgage vs. home equity loan: What's the difference?

Second mortgage or home equity loan: the financial plot twist where your home plays the hero in your cash crunch saga.

Kailey Hagen, CFP®

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Home Equity Loans

What is a home equity investment?

Cash from your home with fewer monthly payments in some cases—sounds good. Here’s what it could really cost.

Home Equity Loans

Interest-only payments vs fully-amortizing: What’s the difference?

HELOCs come with different repayment terms. Learn about interest-only vs. fully amortizing payments here.

Home Equity Loans

HELOC prepayment penalty: what it is and how to avoid it

Knowing whether your HELOC has a prepayment penalty, and what it could cost you, is worth checking before you borrow.

Home Equity Loans

Should you use a HELOC to pay off debt?

Using home equity to manage debt could lower interest—but it also puts your home on the line.