Compare HELOC Rates for Feb 5, 2026
A HELOC (home equity line of credit) is a revolving line of credit secured by your home. You get a credit limit and draw only what you need, when you need it—like a credit card backed by your equity. You pay interest on the amount you've drawn, not the full line.
How it's different from a home equity loan: A home equity loan gives you one lump sum upfront with a fixed rate and fixed monthly payments. A HELOC is a line you draw from over time; you take what you need, pay interest on that balance, and can borrow again as you repay. HELOCs often have variable rates; home equity loans are typically fixed. Both use your home as collateral.
Why choose a HELOC? Often easier and faster—many HELOCs don't require a full appraisal. More flexible: no big loan commitment upfront; you have a line you control and draw from when you need it, without a new application each time. That can work well for business owners, ongoing projects, or anyone with variable or uncertain funding needs.
Learn more in our home equity line of credit (HELOC) article. Prefer a lump sum? Read about home equity loans or compare home equity loan rates.
Comparing options? Also see home equity loan rates and cash-out refinance rates, or read our HELOC vs home equity loan vs cash-out refinance comparison.
Prefer a lump sum and fixed payments?
A home equity loan gives you one amount upfront with a fixed rate and predictable monthly payments. If that fits better than a line of credit, compare home equity loans.
Compare home equity loans →