Eligibility Test Secrets Top Home Equity Loan Strategies

Real-World Examples and Data

According to a recent report, the average home equity loan interest rate was around 5.82% in 2023³. This rate can vary based on factors such as credit score, loan amount, and lender policies. For instance, homeowners with excellent credit scores may secure rates as low as 4.5%, while those with lower scores might face rates upwards of 8%.