Compare Home Equity Quotes!
National Home Equity Rates 05/13/2008
| Loan Type | Today | +/- | This week |
|---|---|---|---|
| HELOC | 7.63% | 0.00 | |
| 30 Yr Fixed Refi ($50K) | 7.96% | 0.00 | |
| 20 Yr Fixed Refi ($50K) | 7.81% | 0.00 | |
| 30 Due in 15 Refi ($50K) | 7.75% | 0.00 | |
| 30 Yr ARM Refi ($50K) | 7.45% | 0.00 |
Rates may contain points
Subprime Crisis Hurting Non-Profits
As home equity tumbles and bad mortgages sink investments, non-profit organizations emerge as one of the most unexpected casualties. Because they rely on the quality of their credit to survive, many non-profits with subprime-related assets are in for a rude awakening.
Home Equity Loans 
A home equity loan allows you as a homeowner to get a loan by using the equity in your home as collateral. The equity consists of whatever funds you have invested in your property in order to own it or improve it.
Since it is a debt against your own property, which you are in actual possession of, a home equity loan is a secured debt. The property can be required to be sold if the creditor wants the money back that you have borrowed.
Home Equity Guide
Home equity loan vs. Home equity line of credit
A home equity loan can be obtained in a lump sum or used as a revolving home equity line of credit.
A home equity loan can be either of the following:
A homeowner who requires more money in large amounts usually applies for a home equity loan. Some expenses that make a home equity loan useful are:
- Debt consolidation
- Home repairs
- Medical bills
- College tuition for family members
A home equity loan is also beneficial because the home equity loan rate charged is usually tax deductible, as the loan is used for its primary functions. You can use our home equity loan calculator to check what various home equity loan rates will mean for your monthly payments. Always compare offers from several lenders and brokers to obtain the lowest home equity rate possible.
More information on home equity loans and rates
If you would like more information on home equity loan rates, and how to find the best home equity loan, please fill out the form above! Home equity loan specialists will get in touch with you to consider your options and see how a home equity loan can help you make the most of what you have.
There are several choices available for homeowners to free up the equity they possess in their homes.
Start here to compare home equity rates from top lenders in our network
Home Equity Calculator
Home Equity Calculators
National Rates
| Loan Type | Today |
|---|---|
| 30 Year Fixed |
5.47
|
| 15 Year Fixed |
5.03
|
| 5/1 Adjustable |
5.10
|
Rates may contain points
