If new to exploring credit and loan options, you’re likely wondering if a home equity line of credit, or HELOC, is a good option for you. You may want to consider a home equity line of credit if you need money for things like home improvements

If you’re looking for a solution to cover a major expense or consolidate debt, you may want to consider a home equity loan, which allows you to borrow against the equity in your property.

Stocks waffled between gains and losses to end a volatile week on Wall Street, as investors expressed worries over China Evergrande issue and a slowing global economy prompted a pullout $28.6 billion from U.S. equity funds over the first three days of the week, the most since February 2018.

U.S. equities slid lower for the second consecutive week following mixed U.S. economic data reports and the ongoing Congressional stand-off regarding the debt ceiling and stimulus negotiations.

Whether you plan to use a home equity loan to cover a major expense or consolidate debt, it’s not a decision to take lightly. To find the best bank for a home equity loan, you need to identify the lending terms that best fit your personal financial needs and goals.