Annual spending on home improvements has been down in recent years, but that’s expected to change in 2025 with a 1.2% increase in renovation spending, according to a report by the Joint Center for ...

Borrowing $100,000 worth of home equity without having to sacrifice your low mortgage rate can be done. Here's how.

Unlike a cash-out refinance, you get a separate loan with fixed rates, terms of 5 to 20 years and often lower or no closing costs. A home equity line of credit (HELOC) is a close cousin of the HELoan.