When applying for a home equity loan, you’ll need to decide whether you want to be charged a fixed percentage or prefer to take your chances on interest rates in the wider economy. Borrowing ...

This home equity loan calculator will help you determine whether you qualify for a home equity loan, how much money you might qualify for, and what it may cost you.

Many home equity loans come with fixed interest rates, while you're more likely to find variable rates with a HELOC. When to choose a variable rate When you believe rates may drop.

A variable home loan differs from a fixed-rate loan, in which your interest rate and mortgage repayments remain constant for a fixed period, usually between one and five years.