With the Fed pausing interest rates, prospective borrowers may be contemplating the short-term future of interest rates.

With your home as collateral, do you still need a credit check to get a home equity loan? Here's what to know.

Here are two reasons why: Protect your home: Even though home equity loan rates are materially lower than personal loan rates, those savings are based on your home serving as collateral.

A home equity loan lets you borrow money using your home as collateral. You'll get a lump-sum payment and repay the loan with fixed-rate interest over a predetermined term. Some or all of the ...

Home equity loans, by contrast, use your equity as collateral for an entirely new loan. They are suited to individuals who need access to a reserve of cash over a period of time rather than upfront.

the lack of collateral on a personal loan could make it an attractive choice if you need money quickly or expect a change in your financial situation over the next decade. Unlike a home equity ...

Yet home equity loans are secured loans that use your home as collateral, which means that if you can’t repay your loan, your lender could decide to foreclose on your home. A home equity line of ...

Like a HELOC, a home-equity loan is a secured loan that uses your home as collateral. The equity you’ve built in your home is also the baseline for how much you can borrow; though unlike a HELOC ...

A home equity loan is taken out against your home equity, using your home as collateral. Equity represents the difference between what’s owed on the mortgage and what a home is worth.