Even after you’ve paid off your home, you can still borrow against your home’s equity. There are several ways to tap your equity when you’re mortgage-free, including with a home equity loan, HELOC or ...

A home equity line of credit (HELOC) provides the most flexibility. This type of loan is a second mortgage with a revolving balance: You borrow only what you need, pay it off, then borrow again. It ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Not every homeowner will qualify, however. One of the key qualifications ...

Housing prices are climbing, but so too are levels of home equity. Many homeowners are tapping into theirs: The size of home equity line of credit balances ballooned by $9 billion in Q2 2025 to a ...