dar asked:
Loan start June 2005 –$20,000 balance—15 year fixed at 6.85%.
Loan start June 2005 –$20,000 balance—15 year fixed at 6.85%.
I have outstanding credit.
AND what percentage point drop would it be worth my time/money to refinancing again. Thanks.
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Tags: Home Equity Loan, Percentage Point, Time Money
3 responses to I have an outstanding home equity loan – I’m paying 6.85%. Whats the going rate now?
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You have a pretty good rate and it can be attributed to the time when you got the loan, the loan type, and also your credit rating.
Right now the going rates for HELOCs and Equity loans of $30K and above are around 8%. We offer, free no obligation refinance loan quotes, if you are interested.
I have an outstanding home equity loan – I’m paying 6.85%. Whats the going rate now?
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Well, half a point would be good. Also, you could refinance it into the mortgage on your home, consolidate, and lower both rates with one payment. I can help! Just shoot me an email to, and we’ll see what we can do!
Marty
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The current rate for a home equity is usually variable at prime (5.25%) plus about 2-2.5%. Currently that would be 7.25%-7.75% so your rate is good for that type of loan.
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