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Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.

Woman and man stand in front of a house and share a kiss
Borrowers can use the money from a home equity loan or a HELOC however they like.

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Tags
Personal Finance, Loans, Mortgages, home-equity-loan, HELOC, personal-finance-insider, pfi-reference, pfi-storytelling
Source
HELOC vs. home equity loan: What's the difference?