Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.... Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction.

A home equity line of credit, or HELOC, is another way to borrow using the equity in your home as collateral. However, with a HELOC, homeowners have the ability to borrow multiple times from the maximum amount available.

A home equity line of credit, or HELOC, is another way to borrow using the equity in your home as collateral. However, with a HELOC, homeowners have the ability to borrow multiple times from the maximum amount available.

With Mr. Cooper's Home Equity Loan *, get cash from your home’s equity without losing your first mortgage’s low rate. Tap into your home's equity, with or without refinancing your first mortgage. Lower your monthly payment. Pay off debt. Smart options for whatever’s next. Earn ...

With Mr. Cooper's home equity loan, you may be able to access your home’s equity without losing the rate on your first mortgage. It's never been easier to get cash for remodels, repairs and more. Get My Cash. It’s Tax Season. Your Statement Is Ready!

A home equity loan is a type of loan that lets homeowners use the equity of their home as collateral. If you’ve paid off a significant portion of your mortgage, you may be eligible to borrow against that equity using a home equity loan.

A home equity line of credit, or HELOC, is another way to borrow using the equity in your home as collateral. However, with a HELOC, homeowners have the ability to borrow multiple times from the maximum amount available.

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: the first by chipping away at the principal of your loan, and the second by an increase in the market value of your home over time.

There’s a lot of information out there about cash-out refinancing and leveraging your home’s equity to pay for things like student loans and credit card debt, but what is home equity? And if you have it, how could you use it to get cash?

Credit Worthiness – There are no credit checks or requirements for mortgage recasts. Interest Rate – Your interest rate stays the same, which could be a benefit over refinancing if you’ve already locked in a low rate—or a negative if your rate is particularly high for the current...