That noted, there are some timely pros and cons to using a HELOC that prospective borrowers ... d be better served by exploring home equity loans or, even, cash-out refinance options as alternatives.

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money ...

On a past episode of "The Ramsey Show," personal finance expert Dave Ramsey took a call from ... about the long-term consequences of student loans — and the high cost of an unfinished degree.

Here are four major pros and cons to using a HELOC this May: At an average interest rate of just 7.94% now, HELOCs are significantly less expensive than home equity loans (averaging as high as 8. ...