There's only one home equity borrowing product, however, that's arguably more beneficial than those two options and also ...

In April 2024, she took out a $200,000 home equity loan to build an addition to her home. In this example, the total value of Sarah’s loans do not exceed the $750,000 cap, the use of the home ...

But if you need the funds to finance other projects that will have long-term benefits, a home equity loan may be better. For example, if you use a home equity loan for eligible home repairs and ...

Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.

The benefits of both have shifted in today's interest rate climate. Here's what potential borrowers should know now.