With inflation soaring and the cost of borrowing hitting multi-decade highs, homeowners are fortunate to have access to a more affordable source of financing: their home equity. While interest rates ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

What is a fixed-rate HELOC? A standard HELOC is a revolving line of credit with a variable interest rate. As the interest rate changes, so will the minimum amount due each month. But there’s a less ...

Do you need a home appraisal to qualify for a HELOC or home equity loan? While you’ve been focused on everything else life throws at you, your property has been working behind the scenes. Most people ...

Home equity line of credit (HELOC) borrowing was on the rise at the end of 2024, continuing a trend that's been years in the making, according to Federal Reserve of New York data. HELOCs are a popular ...

While you've been focused on everything else life throws at you, your property has been working behind the scenes. Most people build equity as they pay down their mortgage and property values rise.

You’ll actually start repaying your HELOC before the repayment period. While a home equity line of credit (HELOC) is often compared to a credit card or second mortgage, its repayment structure is ...