Home Equity Loan Secrets You Can't Afford To Miss
Real-World Examples and Statistics
Recent data suggests that the average interest rate for a home equity loan is around 5-6%, while HELOC rates can vary between 3-5% depending on the lender and the borrower’s creditworthiness2. In 2022, the average American homeowner had approximately $185,000 in home equity, indicating significant potential for leveraging this asset3.