Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

A home equity loan is a useful way to access your home's equity. With the loan, you borrow against the amount of equity you have and repay the loan in installments.

For many borrowers, a HELOC has clear advantages over a home equity loan right now. Here are three to consider.

then a home equity loan might be a good option. Forbes Advisor compiled a list of the best home equity loan lenders based on their starting interest rate, average closing time and other factors ...

Home values have steadily increasing over the past few years, resulting in records amount of home equity. Homeowners in need ...

Our opinions are our own. Here is a list of our partners and here's how we make money. A home equity loan is a second mortgage that lets you borrow from the value of your home (minus what you owe).

This is especially true for loan amounts worth $100,000 or more. Prospective borrowers in need of this much financing should understand the qualifications for both home equity loans and personal ...

But like home equity loans, HELOCs are a secured line of credit, so you could face foreclosure if you can't pay back what you owe on time. Every lender has slightly different qualifications for ...

While both home equity loans and home improvement loans can help fund your home remodel projects, they serve different needs and come with distinct pros and cons. Here’s how to decide which one ...

To make our top picks, the ConsumerAffairs Research Team vetted 35 home equity loan lenders reviewed by more than 8,000 people. You can read our full methodology to learn more about how we ...

APRs on Discover home equity loans vary by credit score and qualification requirements. You will need a credit score of at least 620 points and a DTI ratio of no more than 43%. Discover loans are ...