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Bankrate.com
Home Equity Basics  Understanding the fundamentals
Home equity loans are offered as fixed-rate loans or variable-rate lines of credit.
 
   
Table of contents
Home Equity
 
Chapter 1: What equity debt is
Before tapping the equity in your home, become familiar with the way home equity loans work. Read on.
 
Chapter 2: Decisions, decisions
Home equity loans are available in two ways -- as a fixed-rate loan or a variable-rate line of credit. Which one is best for your situation? Read on.
 
Chapter 3: Applying
The keys to a great rate are your credit history, your income and the loan-to-value ratio. Read on.
 
Chapter 4: Watch out!
Tapping your home's equity can be risky. Know the loan rules, your home's value and your actual costs before closing the deal. Read on.
 

TABLE OF CONTENTS
 
 
 
 
 
Home Equity
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
$30K HELOC 5.01%
$50K HELOC 4.17%
$30K Home equity loan 7.42%
Rates may include points
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