Home equity line of credit (HELOC) rates are lower now than they were when they hit two-year lows in February, averaging 8.04% this week. Low rates on HELOCs make them a more affordable option than ...
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...
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 ...
Discover the minimum credit score you need to get a HELOC. Home equity lines of credit let you borrow against your home’s equity. You can use these financial products to consolidate debt, pay for a ...
Getting approved for a HELOC or home equity loan isn’t easy, with nearly half of applications denied. Poor credit, a high ...
Home equity loans and home equity lines of credit (HELOCs) have lower interest rates than credit cards. That can lead some homeowners to use them to pay down large credit card bills. But this method ...