How Much Can I Borrow? > Home Equity Loan Rates Since you are putting up your property as security, home equity loans have generally lower rates compared to other loans. Increasing the amount you borrow also tends to lower the rates, which is offset by the longer length of your repayment period. The APR (Annual Percentage Rate) of your home equity loan will vary depending on a number of factors:
> Loan Calculators Many financial services web sites feature loan calculators, but just keep in mind that different lenders have their own method of computing the amount you can borrow. Nonetheless, these calculators are a good guide for determining how much you may be able to expect. |
