PNC: 2025 Home Equity Review
PNC offers home equity lines of credit (HELOCs).
Linda Bell is a Bankrate lead insights analyst, producing content on homeownership, home affordability, mortgages, home equity, and more. Before joining Bankrate in 2024, she spent more than 20 years as a business and personal finance reporter and writer at organizations including Bloomberg, Fox Business and NerdWallet.
During the housing boom and bust of the 2000s, Linda appeared on hundreds of local television and radio stations, providing insight on the stock market and housing industry. At NerdWallet, her focus was homeownership and mortgages, including the homebuying process, home affordability, and mortgage management.
Linda is deeply committed to advocating for equal homeownership opportunities for everyone. Her investigative radio series “Minorities and the Housing Market” won numerous awards from the National Association of Real Estate Editors and the New York Association of Black Journalists.
Linda graduated from New York University with a Bachelor of Arts degree in Print Journalism and English Literature.
I didn’t grow up with formal money lessons, but I learned a lot just by watching my parents be frugal. That stuck with me. Buying a home, for example, requires knowledge some of us weren't taught at home or in school: how to build and manage credit, budget for hidden costs, compare mortgage options, understand interest rates, plan for property taxes, and so much more. Don't be discouraged if you're learning as you go.
While you may have your heart set on buying a home, homeownership is not the right choice for everyone. It is important to weigh the pros and cons before making what will likely be the biggest purchase of your life.
— Linda Bell
PNC offers home equity lines of credit (HELOCs).
HELOC rates dipped, while home equity loan rates hit their highest level of the year.
Know the differences between these two tools before you put your home on the line.
Is one better than the other? Here are the pros and cons of each.
It’s a mortgage-credit line combo. Just don’t spend it all in one place.
Underwater mortgages can occur during an economic downturn when home values fall.
Yes, you can get financing, even if you’re not the most creditworthy candidate.
Even if your credit score isn’t sterling, you still can get financing.
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