Side by side
| HELOC | Home Equity Loan | |
|---|---|---|
| Funds | Revolving line | Lump sum |
| Rate | Usually variable | Fixed |
| Payment | Interest-only during draw (often) | Fixed principal and interest |
Figures are typical market ranges as of October 2026. Actual terms depend on the lender, your credit, the property and the program, and are confirmed on your Loan Estimate or term sheet.
Explore each option
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