A home equity loan is also known as a second mortgage. Discover how this consumer loan can allow you to borrow against the ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

A simple rule can prevent you from overdoing it with a home equity line of credit. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. And while a decline from 8.40% to 8.38% may not seem like a lot, it ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. One of the biggest benefits of a home equity loan or HELOC, besides the ...