Homeowners Can Tap Equity Without Losing Low Mortgage Rates

Exploring HELOCs, home equity loans, and equity sharing agreements to leverage home value while maintaining favorable mortgage terms.

Home equity lines of credit (HELOCs) offer flexible access to funds with interest-only payments during the draw period.
Home equity loans provide lump-sum payments with fixed interest rates, functioning as a second mortgage.
Equity sharing agreements allow homeowners to receive cash by selling a share of future home appreciation without incurring debt.
HELOCs have variable rates that can fluctuate, impacting monthly payments over time.
Careful consideration of costs, risks, and long-term implications is essential before choosing a home equity borrowing option.