A Home Equity Line of Credit (HELOC) is a revolving loan that allows homeowners to borrow against the equity in their home. Unlike a traditional loan, you can borrow and repay during the draw period.

HELOC rates just fell to a multi-year low. Here's what the monthly payments on a $30,000 HELOC will look like now.

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

HELOCs, or home equity lines of credit, give homeowners a way to leverage the growing value of their house for anything from renovations to college tuition — and enjoy 10 years of interest-only ...

But with a Fed rate cut issued at the end of October, which followed one in September, costs here may already be low enough ...

With inflation showing recent upticks and interest rates remaining elevated, borrowers are facing higher loan costs and stretched household budgets. Federal Reserve rate cuts in the coming months may ...

If you’ve built up a good amount of home equity over the past few years, a home equity line of credit (HELOC) may be a good option if you want to finance a home renovation, consolidate debt or if you ...