If you're a new homeowner who's considering a home equity loan or HELOC, it's important to avoid these common but costly ...

Home equity loans: If you currently have a home equity loan, your interest rate won't change with the Fed's latest cut. With home equity loans, your rate will be fixed at the time you close on the ...

Still, borrowing from your home equity isn't risk-free, either. If you fail to repay all that you've borrowed (with interest) ...