The difference in costs between a $50,000 HELOC and a $50,000 home equity loan could be significant over time. . Homeowners have been fortunate in recent years. While ...

kate_sept2004 / Getty Images A home equity line of credit (HELOC) is a line of credit that uses the equity you have in your home as collateral. The amount of credit available to you depends on the ...

A simple rule can prevent you from overdoing it with a home equity line of credit: Don't borrow a lot, and don't borrow for ...

Lock Stock / Getty Images You could be thinking about refinancing your home equity loan for several reasons. You might want to reduce your monthly payments by getting a lower interest rate or ...

What types of home projects fall under that definition, however, vary. So you should consider speaking to both your home equity lender and a tax professional who can better determine your eligibility.