A home equity line of credit (HELOC) can be a valuable tool for homeowners looking to leverage the equity in their homes. Whether you are planning a major renovation, consolidating debt or funding a ...

Tim Maxwell is a freelance writer who covers investing, real estate, banking, credit education and other personal finance topics. U.S. homeowners now hold an average equity amount of around $320,000.

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 Heloc can ...

With Americans collectively sitting on record-high $11.6 trillion in tappable home equity as of August 2025, which explains why so many are turning to home equity lines of credit (HELOCs) to access ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

We usually associate house-based lending — mortgages, home equity loans — with a fixed interest rate and stable payments. But home equity lines of credit (HELOCs) are different: The interest rates on ...

A no doc HELOC, or no-documentation home equity line of credit, allows homeowners with nontraditional income to access their home's equity. It’s typically used by borrowers who can’t qualify based on ...

A home equity line of credit (HELOC) allows you to access your home equity for various purposes, including credit card debt. Americans have more than $1 trillion in credit card debt, and if you’re in ...

A home equity line of credit (HELOC) is a financial tool that allows homeowners to leverage the equity in their home.