A home equity loan lets you borrow money based on the value of your home. It's a second mortgage, but you can use the money for whatever you need.

Dec 13, 2023 ... A home equity loan (HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your ...

Mar 1, 2024 ... Home equity loans** create a second mortgage against your home. For that reason, they're also known as “second lien loans.” In this case, the ...

Aug 8, 2018 ... Here's how to calculate equity in your home. The good news is, it's relatively straightforward and only takes two calculations.

Debt consolidation refinances increase mortgage debt, reduce equity, and extend the term on shorter-term debt and secure it with your property.

Aug 31, 2018 ... Equity is the difference between the appraised value in your home and the amount you owe on it. You can see gains in home equity in two ways: ...

Aug 19, 2025 ... Using home equity to pay off student loans can be a smart option if you want to consolidate debt.* It can also provide a way to potentially pay ...

Our mortgage experts can help you find the best option to refinance or tap into your home's equity to get cash for remodels, repairs and more.

A home equity loan lets you borrow money based on the value of your home. It's a second mortgage, but you can use the money for whatever you need. blog. page.

A home equity loan (HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home. Dec 13, 2023 ...