Forbes
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A [home equity loan](https://www.forbes.com/advisor/home-equity/best-home-equity-loan-lenders/) is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A [home equity line of credit](https://www.forbes.com/advisor/home-equity/what-is-a-home-equity-line-of-credit/)
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Current HELOC & Home Equity Loan Rates: October 3, 2024—Rates Are Mixed – Forbes Advisor
Andrea Riquier
16:23
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A [home equity loan](https://www.forbes.com/advisor/home-equity/best-home-equity-loan-lenders/) is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A [home equity line of credit](https://www.forbes.com/advisor/home-equity/what-is-a-home-equity-line-of-credit/)
