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Home equity loan or line of credit?

By Bankrate.com

 

Home equity loan or line of credit? ��    ( 01:58 )
Knowing how you'll be using the money will help you decide which type of home equity debt is best.
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Posted: Oct. 1, 2008
Mortgage Rates
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About this index
Home Equity Averages
Product Rate +/- Last week
30K HELOC
5.20%
5.20%
30K Home Equity Loan
8.06%
8.07%
50K HELOC
4.89%
4.90%
75K Home Equity Loan
10.25%
9.82%
View rates in your area:
ByDon Taylor, Ph.D., CFA, CFP
Ask Dr. Don»
home equity
Don't tap emergency cash
Credit card debt may trump a home equity loan for a couple planning a home improvement project. 
View more Bankrate Advisers »
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