Refinancing your home equity loan can cut thousands in interest — especially if you're stuck with rates from 2023's spike. Here's how to decide if it's right for you.

Cash-out refinances reached a 3-year high in Q2 2024. Average homeowner pulled $94K, adding $590 to monthly payment. U.S. homeowner equity hit record $17.8 trillion in Q2. About 564K borrowers now owe ...

Mortgage rates have declined to their lowest in a year, increasing refinance eligibility and home equity borrowing. Homeowners hold $11.2 trillion in tappable equity, creating new volume opportunities ...

Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ...

Money explains what is a home equity loan.

Interest rate cuts are finally coming again … but is it too late? That's the question some Americans find themselves confronting now as the chances of a rate cut courtesy of the Federal Reserve ...

Looking to borrow $25,000 worth of home equity this year? Here's what your monthly repayments could look like.

Home equity is the portion of a house that the homeowner holds outright — the difference between the house's value and the total amount they owe on the home. As their equity increases, homeowners can ...

Homeowners can consider multiple options when looking to tap into their home equity, most notably home equity loans and HELOCs (home equity lines of credit). Home equity loans and HELOCs are powerful ...

Miranda Marquit is a staff senior personal finance editor for Buy Side. Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance expert. A home ...