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A home equity loan rate is determined by the total loan amount and the individual's FICO credit score. The total loan amount is based on the net value of the house and the remaining mortgage.

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12y ago

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Where could one find the best home equity loan rate?

You can find the best home equity loan rate by shopping around at different lenders and banks. You can do this on the website Bank Rate, that compares different loan rates by lender.


What is a home equity line?

A home equity line of credit is a loan that you take out from a bank using the equity in your home as collateral. By doing this, you are able to get a lower rate since the debt is secured by your home.


What is the equity home loan rate in CA?

The equity home loan rate in CA is 6% on $30,000. One can check the portals of these companies like Wells Fargo, Bankrate, Bank of America, Nationawide and many more.


Where can one find the best home equity loan rate?

How to find the best home equity loan rate can be a bit tricky. Sometimes the loan rates are based on your personal credit, and therefore can be different for everybody. You can go online to the bank rate website and they can guide you to find the best rate for you.


Can you get a home equity loan or line of credit on a cooperative apartment?

Yes, you can obtain a home equity loan or line of credit through the Bank of New York. They also offer mortgage loans on cooperatives.Yes, you can obtain a home equity loan or a line of credit on co-ops through the Bank of NY.It's true that Bank of New York offers home equity loans or lines of credit on a coop at a very competitive rate. But if you want an alternative, Chase does it as well.


Where can one get a fixed rate home equity loan?

One can get a fixed rate home equity loan using a real estate values website to figure the value of their home. Then one has to apply for the loan with their lender.


In Texas if you refinance your home once as a home equity loan are you forced to have all future refinances be home equity loans also?

Yes. Once a home equity loan, always a home equity loan; but there are certain programs that give breaks in rate to previous home equity acquisitioners.


What are the average interest rates on a home equity loan?

The average interest rates on a home equity loan depends on which home equity loan in particular. For example, the $30 HELOC is averaged at an interest rate of 5%.


Which home equity loans are offered for military personnel by the Bank of America?

Bank of America offers the same type of home equity loans for civilians as they do for military personnel. Those options are a fixed rate loan or a variable rate loan. Bank of America will also offer active duty members the opportunity to receive an interest rate not to exceed 4% for up to one year after your service.


What exactly is an equity fixed home loan?

An equity fixed home loan is a home equity loan with a fixed interest rate. These are used to repair a roof or fix a septic system. The homeowner takes this loan out in addition to the first mortgage and the equity fixed home loan is often referred to as the second mortgage.


Where can one get details about an Orange Home Equity loan?

The home equity is a line of credit, a loan, or both. It starts with a home equity line of credit which is a form of revolving credit with a variable interest rate.


What is the interest rate of the Wachovia home equity loan?

The interest rate of a Wachovia home equity loan varies greatly. The rate can change from day to day, depending on the market value on the day you apply. If you are interested and it is a low rate, that is when you should "lock in" your rate.