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The average interest rate for a $50,000 HELOC is 4.29%, according to data from S&P Global, assuming an 80% loan-to-value ratio. If you’re a homeowner with equity, a HELOC — home equity line of …

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If you’re looking for a loan to renovate your home or pay down another debt, you might have an opportunity to use the equity you’ve already invested in your home. Read on to learn more about home equity loan requirements and answer your home equity loan questions.

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