Home equity loans are a popular way to access the equity in your home, allowing you to borrow between 80% and 85% of your home’s value. These loans offer lump-sum payments for various uses, with fixed interest rates and terms lasting between five and 30 years. The application process typically takes 39 days from start to finish, depending on the lender. To speed up the process, prepare documentation in advance, maintain a stable financial profile, and choose a lender with quicker closing timelines. Requirements for approval include a credit score of at least 680 and a debt-to-income ratio of 43% or less.

Read more at Yahoo Finance: How long does it take to get a home equity loan?