NerdWallet - November 21, 2025

See if a HELOC or home equity loan is right for you

And how to choose ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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And how to choose
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NerdWallet
Mortgage REFI HELOC Mortgage Purchase
NerdWallet
Your short cut to picking the right loan
Home equity loans are funded as a lump sum, while HELOCs are credit lines you can draw on as needed. Both can be good options if you’re trying to finance something that will add to your home value over time, like a renovation.
How to compare a HELOC and a home equity loan
A home equity loan comes with a fixed rate, but you have to know exactly how much money you need to take out.
COMPARE HOME EQUITY LOANS
>
Many HELOCs do not come at a fixed rate but you can draw on them as needed meaning there’s less risk that you’ll take out too much.
COMPARE HELOCS
>
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