Key takeawaysA home equity loan allows you to access the ownership stake you’ve built in your home to accomplish your financial goals.Home equity loans are generally disbursed as a lump sum and repaid ...

If you’re happy with your mortgage rate but want to tap into your home’s equity, consider how the Federal Reserve’s next ...

Instead of dealing with a high monthly payment on a 15-year mortgage, homeowners could make extra payments on a 30-year, Flores suggested. For instance, if the monthly mortgage payment was $2,000 a ...

The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospe ...

With June's inflation reading coming in hotter than the month prior, the Fed is under renewed pressure to maintain its ...

When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, ...

If you're thinking about tapping your home's equity, make sure you understand what could happen with rates soon.

If nothing else, home equity contracts are expensive, even compared to other home-secured finance options. They may require ...

“Housing affordability is a challenge for many prospective homeowners,” says Mark Hamrick, Bankrate’s senior economic analyst ...

Plus, as Bankrate Senior Industry Analyst Ted Rossman points out, “some lenders likely prefer the certainty of home equity loans, as opposed to more flexible home equity lines of credit, given all of ...