As of July 9, 2025, the average home equity loan rate is 8.26%, according to Bankrate’s regular survey of rates. The average ...

Home equity loans can be a good choice to fund a business venture because they have high limits and long repayment periods, which offers you flexibility when repaying your loan.

If nothing else, home equity contracts are expensive, even compared to other home-secured finance options. They may require ...

One major difference between Discover and Rocket Mortgage (aside from only the former listing its rates online) is that ...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

Home equity loans use the value of your house to secure funds. ... It earned an A- from the Better Business Bureau but ranked below average on J.D. Power's 2024 survey of mortgage servicers.

Home equity loans are second mortgages that are secured by the borrower’s home and paid out in a lump sum. Lenders typically extend loans up to 85% of a borrower’s home equity and, once ...

Choosing between a home equity loan and a HELOC for business financing depends on your needs. If you require a lump sum with a fixed interest rate for a specific project, a home equity loan may be ...

Home equity loans come with fixed interest rates, monthly payments, and repayment timelines. You can use them for paying off credit card bills, consolidating debt, and making home improvements.

So if your home is worth $400,000 and you owe $320,000, you have $80,000—or 20%—equity. You may be eligible to borrow as much as 85% of your home's equity , depending on your creditworthiness ...