Forbes Advisor compiled a list of the best home equity loan lenders based on their starting interest rate, average closing time and other factors pertinent to a satisfying borrower experience.

A home equity loan allows you to access the ownership stake you’ve built in your home to accomplish your financial goals.

Here are three ways in which homeowners should compare HELOC and home equity loan rates in today's economy: ...

There are two main differences between a home equity loan and a HELOC: how they’re paid out and their interest rates. With a HELOC, you can draw funds as needed, similar to a credit card.

Current home equity loan rates are a little bit lower than current HELOC rates. If you're looking to fund a home improvement project or repair, a home equity loan can be an affordable way to do so.

Financial institutions have various fees and rates, but comparing the best home equity loans increases the likelihood of finding a good deal. The list in this article is a good starting point.