As a result, older homeowners may find that their top options are either a home equity loan or a reverse mortgage. While both ...

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

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Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

If you put less than 20% down on your home, you probably lack sufficient equity to obtain a home equity line of credit immediately after purchase. It’s every homeowner’s worst nightmare: You move into ...

NerdWallet's mortgage content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in home lending. Their work has appeared in The Associated ...

A first-lien HELOC is a home equity line of credit that holds the primary lien position on a property, meaning it takes precedence over any other liens or mortgages in the event of foreclosure. If ...

Getting approved for a HELOC or home equity loan isn’t easy, with nearly half of applications denied. Poor credit, a high debt-to-income ratio or a large outstanding mortgage balance may contribute to ...