Banks are pitching home-equity lines of credit as a cheaper form of borrowing as Federal Reserve rate cuts could lower HELOC rates to the mid-6% range, according to one estimate An increasing ...

If you own your home, you can take out a home equity loan or a HELOC and use the funds to pay off high-interest debt, like credit card bills or private student loans.. A home equity loan gives you ...

Typically, home equity loans don’t have an annual fee — like some credit cards or lines of credit — and lenders tend to waive closing costs as long as you don’t pay off the loan within ...