Both home equity loans and home improvement loans can help you secure financing but have important distinctions.

A home improvement loan is a type of personal loan that helps you pay for renovations and repairs around the house. The best home improvement loan covers your project's cost and has a rate and ...

Discover which home improvements offer the best value, from garage door replacements to costly renovations to avoid for ...

There are several ways for homeowners to tap into the equity they’ve built in their properties. One option is a home equity ...

Home improvement loans provide homeowners with quick funding and flexible repayment options. The best home improvement loan rates are reserved for borrowers with good or excellent credit ...

However, our opinions are our own. See how we rate personal loans to write unbiased product reviews. Maybe you have a home improvement project in mind, such as building a deck, remodeling your ...

Home equity loans are second mortgages: Borrowers convert all or part of their homeownership stake into ready cash, with the home as collateral for the debt. Home improvement loans are unsecured ...

HELOC rates are currently slightly lower than those on home equity loans so that right there will save you cash. But on top of this, HELOC rates are also variable — meaning their rate will usually go ...

Personal loans. If you have good to excellent credit, a personal home improvement loan could offer you a competitive rate with no collateral required and faster approval times and processing than ...

Personal loans and home equity loans are popular ways to fund home improvement projects, debt consolidation and other large fixed expenses. Generally, home equity loans are larger and come with ...

Home improvement costs can vary depending on what part of the home you're fixing, but according to Rocket Mortgage, Americans spent an average of $22,000 on a single home improvement project in 2023.