Defaulting on a home equity loan or HELOC can result in the loss of your home, as it was pledged as collateral for the debt. Being in default typically occurs after four consecutive missed payments or ...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

The average homeowner has $213,000 in tappable home equity, according to the latest Intercontinental Exchange (ICE) Mortgage Monitor report. And, that amount of home equity could come in handy for ...