Question : What is todays interest rate on a fixed rate home equity line of credit?
I am asking because I am really nervous about applying for home equity for a roof starting very soon-probably next week.My roof is leaking.
- asked by happydawg
All Answers:
Answer #1
Check out bankrate.comClick on the Home Equity tabin the little mortgage rate box on the right sideabout halfway down the page.
- answered by financialpeas
Answer #2
My credit union is currently charging anywherefrom 6.5 percent for a 5-year loan up to 7.25percent for a 20-year loan. You should probablycheck with whatever bank you're planning to borrowfrom, since I'm sure rates vary from one part ofthe country to another.You might get the best rateif you try the bank that you currently have yourmortgage with, especially if you explain why youneed the loan. It's in their best interest to makesure your house stays in good shape.
- answered by rtfm
| 
measure and fulfill your financial needs
