answersLogoWhite

0


Best Answer

The interest rates on home equity loans are very low at the moment because of the economic situation. Depending upon a person's location and how much they want to borrow loans can be obtained with interest rates of between 3% and 8%.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are interest rates on home equity loans?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can one find information about average interest rates on home equity loans?

Finding average interest rates on home equity loans is not difficult. This information can be found by speaking to a financial expert in a bank, or at any financial institution that provides home loans.


Where can one find interest rates for home equity loans?

There are several places where interest rates for home equity loans can be found. The most reliable place to find these interest rates would be one's current financial institution. However, these rates can also be found online on websites such as Wells Fargo and Bankrate.


Auto Loan vs. Home Equity Loan?

Auto Loan vs. Home Equity Loan Home equity loans often have lower interest rates than auto loans and the interest may be tax deductible. Two good reasons to take a look at home equity loans to finance your automobile purchase.


Where could a person compare the interest rate on home equity loans?

There are several online sites where one can compare the interest rates on home equity loans. Some of these online sites are "Bankrate", "Quickenloans", and "Lendingtree".


In what states does Wachovia offer Home Equity Loans?

Wachovia, or Wells Fargo, offer Home Equity Loans in all 50 states. Wells Fargo Home Equity Loans have low interest rates, funds available anytime, and have no closing costs.


What are the benefits of equity home loan refinancing vs other options?

Home equity loans are generally more favorable in the face of interest rates and terms. Home equity loans are also generally cheaper compared to other options.


What are good interest rates for bank loans in 2013?

What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.


How easy is it to get home equity loans with adverse credit?

Nowadays, it is much easier to get home equity loans, despite the fact that you have a poor credit rating. The downside to this, however, is the interest rates are incredibly high.


What is the interest rates for debt consolidation loans?

Interest rates for debt consolidation loans can vary dramatically based on your credit. If you can get a home equity loan they usually have much lower interest rates. For a debt consolidation loan expect to pay around 10-12% interest.


How much is the equity home interest loan rate?

Home equity loans carry higher interest rates than conventional mortgages. At the time of this writing home equity loan rates range between 3 and 4 percent in the US. Note you may have to pay a range of fees for appraisals and such.


What's the definition of equity home interest loan?

A home equity loan is a loan that uses ones equity for money. Home equity loans have fixed intrest rates that assure consistent payments within a certain payment period.


Are home equity loan rates the same as mortgage rates?

Home Equity loans are similar to Mortgages with a slight difference. The Home Equity loan is offered at a higher rate of interest than the normal mortgage ones because it is basically a refinance of the current loan.