Home equity loan

What to compare

Compare a fixed repayment schedule with a revolving HELOC. Closing costs and the combined balance of loans secured by the property affect the comparison.

Questions to ask

Ask about appraisal costs, combined loan-to-value limits and early closure charges. The home is collateral and missed payments can put it at risk.

Build a complete cost picture

List the amount received, repayment schedule, interest rate, fees and total amount repaid. Use the same amount and term when comparing offers. Check whether the rate can change and whether early repayment carries a charge. An estimate cannot establish approval or eligibility.

Research providers

Our directory contains sourced identities and locations. A listing alone does not establish that a provider offers this loan type. Confirm products and terms directly.

Banks · Credit unions · Mortgage lenders

Primary resources

CFPB consumer tools · Federal Student Aid · SBA loan programs · USDA farm loan programs