Ohio Residents Secretly Saving Thousands with HELOC Rates
How Much Can You Save?
The savings potential with a HELOC can be substantial. For example, if you have $50,000 in home equity and secure a HELOC with an interest rate of 4%, your monthly interest payment would be approximately $167. In contrast, a personal loan with a 10% interest rate could cost you $417 per month1. Over a year, this difference amounts to savings of $3,000, illustrating why many Ohio residents are opting for HELOCs.