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2. Home equity: What is it and how can you use it? - AOL

   www.aol.com/finance/home-equity-121018740.html

   Home equity is the difference between the current value of your home and the outstanding balance of your mortgage — in other words, the portion of your home’s value you own outright. When you ...

3. Home equity - Wikipedia

   en.wikipedia.org/wiki/Home_equity

   Home equity. Home equity is the market value of a homeowner's unencumbered interest in their real property, that is, the difference between the home's fair market value and the outstanding balance of all liens on the property. The property's equity increases as the debtor makes payments against the mortgage balance, or as the property value ...

4. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   A home equity line of credit, or HELOC ( /ˈhiːˌlɒk/ HEE-lok ), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term ), where the collateral is the borrower's property (akin to a second mortgage ). Because a home often is a consumer's most valuable asset, many ...

5. What is a home equity loan? - AOL

   www.aol.com/finance/home-equity-loan-233534325.html

   Home equity loans are best used for five-figure renovation or repair projects — which can mean a tax deduction on their interest — or to consolidate other debts.

6. What are the pros and cons of home equity loans? A ... - AOL

   www.aol.com/finance/pros-cons-home-equity-loans...

   A home equity loan is a type of second mortgage that allows you to obtain a fixed amount of money by leveraging some of the equity in your home — that is, the difference between your home’s ...

7. Home equity loan - Wikipedia

   en.wikipedia.org/wiki/Home_equity_loan

   A home equity loan is a type of loan in which the borrowers use the equity of their home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution. [citation needed] Home equity loans are often used to finance major expenses such as home ...