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 ...

Decide whether a home equity loan or line of credit is best suited for your financial goals Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance ...

Currently, the average rate on a home equity loan ranges from 8.15% to 8.30%, depending on the term. So, if a 0.5% drop is ...

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 home ...

When you take out a loan, you typically have to pay interest on the amount you borrowed. Interest is the cost of borrowing money — it’s how your lender earns a profit and offsets the risk of lending.

American homeowners had, on average, a record $313,000 in home equity at the start of 2025, according to Intercontinental Exchange. A home equity loan allows you to borrow against your home's value to ...

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