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  Home Equity Basics   Chapter 2: Decisions, decisions
Home equity loans are offered as fixed-rate loans or variable-rate lines of credit.
 
   

Pros and cons of equity debt

 
Taking out home equity loan
Pros Cons
-- Updated: April 1, 2006
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Home Equity
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
$30K HELOC 4.36%
$50K HELOC 4.06%
$30K Home equity loan 5.08%
Rates may include points
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