If you've built up equity in your home and you want to tap it, a home equity loan can be a good solution. Here's Yahoo Finance's picks for the best home equity loan lenders. Home equity loans, some considerations Home equity loans are a mighty money tool for extracting some of your home’s value as cash. Although you can use the cash for any purpose, it’s common to spend the funds on home renovations, paying off high-interest credit card debt, or college tuition. Many financial advisers recommend that ...