The costs associated with HELOCs and home equity loans have declined alongside the Federal funds rate over the past year. sakchai vongsasiripat/Getty Images

If you're a homeowner looking to borrow $50,000 currently, you may not have to look very far to find it.

With home equity levels rising to a new record high in recent months, one of the simpler ways to borrow money is right under your own roof via your accumulated home equity . And if you do so with a home equity loan or a home equity line of credit (HELOC) , you can borrow with an interest rate materially lower than what accompanies a personal loan or credit card. After the Federal Reserve issued its first interest rate cut of 2025 last week, both are even more affordable for homeowners now.

But more affor

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