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What Is a Home Equity Loan and When to Use One

Home equity loans usually have lower interest rates than credit cards.

Author
By Laura Agadoni

Written by

Laura Agadoni

Freelance writer

Laura Agadoni has covered finance for more than 10 years and is an expert on real estate, mortgages, personal loans, and student loans. Her work has been featured by The Motley Fool, USA Today, and Yahoo Finance.

Edited by Reina Marszalek

Written by

Reina Marszalek

Senior editor

Reina Marszalek has over 10 years of experience in personal finance and is a senior mortgage editor at Credible.

Updated November 20, 2024

Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”

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