The Best Home Loan Vs Home Equity Loan 2022. If you need to borrow more than $50,000, a home equity loan or. If you have a median fico® of 680 or better, you can access up to 75% of your equity between your.

Home equity loans generally offer larger loan amounts than personal loans. The main difference between a home equity loan and a heloc is that in a home equity loan, you get an upfront lump sum that you repay in fixed payments, whereas a heloc. In order to qualify for a second mortgage or home equity loan, a borrower must pledge the property as collateral.