Ultimate Home Equity Loan Product Secrets Revealed Now

Real-World Examples and Data

According to recent data, the average interest rate for a home equity loan is around 5.82%, while a HELOC averages about 5.61%³. These rates are significantly lower than the average credit card interest rate, which hovers around 16%⁴. This disparity highlights the potential savings homeowners can achieve by opting for a home equity loan over other credit forms.