Home Equity Loan Rates
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The average home equity loan rates are currently at 7.63% APY¹. At Bank of Internet, our
home equity loans are consistently among the most competitive rates in the country. With our many different loan options, we are sure to have the home equity loan to fit your needs.
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Without the overhead of traditional banks, we are able to pass the savings to the customer. That is
why we offer some of the most competitive home equity loan rates in the country. Apply today for a home equity loan and lock in your low rate!
| Fixed/ARM Loans | | Product Name | Rate | APR | | 3/1 Standard ARM | 7.30% | 7.80% | | 3/1 Interest Only | 7.50% | 7.86% | | 5/1 Standard ARM | 7.52% | 7.79% | | 5/1 Interest Only | 7.62% | 7.84% | | 7/1 Standard ARM | 7.75% | 7.86% | | 7/1 Interest Only | 7.85% | 7.92% |
| | Fixed Installment Loans | | Product Name | Rate | APR | | 5 Yr Term | 6.87% | 6.87% | | 7 Yr Term | 6.87% | 6.87% | | 10 Yr Term | 6.87% | 6.87% | | 15 Yr Term | 6.87% | 6.87% | | 20 Yr Term | 6.97% | 6.97% |
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*Rates based on 720+ credit scores and $50,000 loan amount with 40% or less total loans to home's value.
1. Source: MSN Money as of 8/20/2008.
