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2. The Fed just cut interest rates. Time to tap your home equity?

   www.aol.com/finance/fed-just-cut-interest-rates...

   As of Sept. 18, the average home equity loan rate is 8.49 percent, while the average HELOC rate is 9.25 percent. And if you borrow a substantial, five-figure sum — the minimum that many lenders ...

3. How to shop for a HELOC: 10 ways to get the best HELOC rate - AOL

   www.aol.com/finance/shop-heloc-10-ways-best...

   10 tips to get the best HELOC rate. 1. Maintain good credit. Having a good credit score is one of the key ways to obtain a competitive interest rate when applying for HELOC. A lender will consider ...

4. What is a HELOC? - AOL

   www.aol.com/finance/heloc-home-equity-line...

   A home equity line of credit (HELOC) is a variable-rate form of financing that allows you to cash in on the equity you have in your home. HELOCs are a revolving line of credit, similar to a credit ...

5. How the Federal Reserve affects HELOCs and home equity loans

   www.aol.com/finance/federal-affects-helocs-home...

   With the Fed looking to lower rates later in 2024, a HELOC may be more beneficial than a home equity loan because the rate could go down. Also, with a HELOC, you can draw funds as you need them ...

6. Home equity loan vs. HELOC: Which is best for borrowing ...

   www.aol.com/finance/home-equity-loan-vs-heloc...

   Credit score of 680 or higher. Generally, the higher the score, the lower your interest rate will be. Debt-to-income ratio of up to 43%. Your DTI is how much debt you have compared to how much you ...

7. Home equity lenders broaden the base with new HELOC and ... - AOL

   www.aol.com/finance/home-equity-lenders-broaden...

   The decade after the Great Recession was a period of super-low rates, and lenders mostly ignored home equity products. But when mortgage rates spiked in 2022 and 2023, HELOCs and home equity loans ...