Both home equity loans and home improvement loans can help you secure financing but have important distinctions.

Home equity loans and HELOCs have lower interest rates than credit cards, encouraging some homeowners to use them to pay off their bills.

You could lose your home if you miss payments, owe more than your home’s worth, and your credit score could suffer. Home ...

Home equity loans are second mortgages: Borrowers convert all or part of their homeownership stake into ready cash, with the home as collateral for the debt. Home improvement loans are unsecured ...

Current home equity loan rates are a little bit lower than current HELOC rates. If you're looking to fund a home improvement project or repair, a home equity loan can be an affordable way to do so.

Home equity loans ideally should be used to finance home improvements or consolidate debt at a lower interest rate — but not to cover everyday expenses, buy big discretionary items, or invest.

a personal home improvement loan could offer you a competitive rate with no collateral required and faster approval times and processing than a home equity loan or HELOC. FHA 203(k) rehabilitation ...

Personal loans and home equity loans are popular ways to fund home improvement projects, debt consolidation and other large fixed expenses. Generally, home equity loans are larger and come with ...

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 ...