6 Best Home Equity Lenders of 2021

These mortgage lenders are among the standouts in 2021 for home equity loans, lines of credit and cash-out refinancing.

NerdWalletJanuary 26, 2021
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If you have equity in your home — its market value is higher than what you owe on your mortgage — you can tap it for home improvements or other financial needs. You build equity over time by paying down your home loan, and rising home prices can also make your house worth more.

Home-equity borrowing has an advantage: You get a lower interest rate than with a personal loan because your borrowing is backed by your home. Use your home’s equity with care — many financial pros suggest using home equity only for things that increase your home’s value.

NerdWallet reviews and rates mortgage lenders to find the best for home equity loans, home equity lines of credit (HELOCs) and cash-out refinancing.

Last updated on January 26, 2021


NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Home Equity Lenders of 2021