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

Key takeawaysA home equity loan is usually a fixed-rate lump sum based on the value available in your home. Home equity lines ...

Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan rates, while lower, still have a nearly 12% average. Meanwhile, rates on home ...

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for ...

Why a home equity loan could be better when interest rates fall. As Vik Gupta, the head of home equity at PNC Bank, points out, "A home equity loan may be more advantageous because it offers a ...

As of April 30, average home equity loan rates are 8.51% for a $30,000 10-year home equity loan and 8.42% for a $30,000 15-year home equity loan — higher than the average rate for a 30-year ...

A no doc home equity loan allows lenders to approve loans without verifying employment or income through standard paperwork, relying instead on alternative documents like bank statements. Taking ...

Home equity loans are secured by your equity, which is the difference between the property's value and any existing mortgage balance. For example, if you owe $150,000 on a home valued at $250,000 ...

U.S. Bank’s home equity loan stands out for having no application fee or closing costs. However, its 80% loan-to-value borrowing limit is less generous than many other lenders.

In March 2025, American homeowners were sitting on a record average of $313,000 in home equity, according to mortgage data firm Intercontinental Exchange (ICE). With a home equity loan, or HELOAN ...

If you took out a home equity loan between 2017 ... The standard deduction is $15,000 if you file for tax year 2025 as an ... Should You Use the Bank That Holds Your Mortgage for a Home Equity ...

Discover Home Equity Loans. Discover offers a fixed-rate home equity loan with a minimum annual percentage rate (APR) comparable to other home equity lenders, such as PNC Bank and Guaranteed Rate ...