What Home Equity Loan Rates will you get?

The rate you would be offered from the lender is based on 3 categories:

• Your credit profile - if you are not sure how your credit profile currently stands, check your credit score.
• Ability to pay your monthly payments
• The equity available in your home

Therefore, a rate on a 2nd mortgage can be as low as Prime (7.75%) or as high as 11% (or more).