HELOCs vs. home equity loans: Which borrowing option is more affordable now?
One home equity borrowing option is much more affordable today, but what about in the long run? Here's what to know.
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Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. In addition to CBS, Aly's work has been published in Newsweek, The Wall Street Journal, Business Insider, U.S. News and World Report, Yahoo Finance, and Fortune, among others. She has a bachelor's degree from the Bob Schieffer College of Communication at TCU.
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