News about home equity loans, second mortgages and line of credit issues.

12 home-buying traps

It's hard to think of everything when you're buying a home. These are the most often overlooked issues.

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1. Select a location:
State:
City:
Enter ZIP code:
2. Select your Fico range:
Excellent -- FICO 750-850
Good -- FICO 660-749
Fair -- FICO 620-659
Poor -- FICO 350-619
mortgage
The June employment report reveals worse-than-expected job losses, but mortgage rates remain unmoved.
home equity
Home equity loans and lines of credit may seem similar, but there are differences. Which is right for you?
home equity
Converting the equity in your home into cash for these 5 reasons can mean big financial problems.
Not sure how your home's value stacks up against your mortgage loan? Try our new calculator.
Cash should be king for a couple who are required to landscape their yard by this spring.
Savings  rates in America are low, while the debt load continues to climb. Is home debt bad? 
If a standard home equity loan is not for you, check out these other ways to borrow on your home.
Rushing to pay down a home equity line of credit opens you to the risk that the HELOC will be frozen.
Compare Rates
See rates from our survey of CDs, mortgages, home equity products, auto loans and credit cards.

Mortgages
The 30-year fixed-rate mortgage fell to 5.7 percent, according to Bankrate's weekly survey.

Home Equity Loan Rate Search

Compare local home equity rates
30K FICO-based HELOC average
5.87%
Home equity
This is the daily overnight average for a $30K HELOC.
Find the best home equity rates
Home Equity Loan Home Equity Line of Credit
Select a product:
Home Equity Averages
Product Rate +/- Last week
30K Home Equity Loan
8.80%
8.76%
30K HELOC
5.87%
5.81%
50K HELOC
5.87%
5.79%
75K Home Equity Loan
8.67%
8.67%
View rates in your area:
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home equity
A homeowner wondering when to convert to a fixed-rate home equity loan faces a classic dilemma.
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