{"id":546,"date":"2025-04-17T10:00:43","date_gmt":"2025-04-17T10:00:43","guid":{"rendered":"http:\/\/www.pacific-hydro.com\/?p=546"},"modified":"2025-04-18T23:01:14","modified_gmt":"2025-04-18T23:01:14","slug":"todays-heloc-home-equity-loan-rates-april-17-2025","status":"publish","type":"post","link":"http:\/\/www.pacific-hydro.com\/index.php\/2025\/04\/17\/todays-heloc-home-equity-loan-rates-april-17-2025\/","title":{"rendered":"Today\u2019s HELOC & Home Equity Loan Rates: April 17, 2025"},"content":{"rendered":"

A home equity loan<\/a><\/span> is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A home equity line of credit<\/a><\/span> is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.<\/p>\n

Both options use your property as collateral for your payments, which means your lender can seize your property if you can’t repay what you borrow.<\/p>\n

$100K HELOC Loan Rates<\/h2>\n

Ideal for Medium-Sized Projects<\/strong><\/p>\n

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A $100K HELOC is suitable for more extensive renovation projects or other significant financial needs. Compare the rates and terms to find the best fit for your situation.<\/p>\n

$250K HELOC Loan Rates<\/h2>\n

Access More Funds for Major Investments<\/strong><\/p>\n

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For larger projects or investments, a $250K HELOC provides the necessary funds with various LTV options. Explore these rates to determine the right balance between borrowing capacity and risk.<\/p>\n

$500K HELOC Loan Rates<\/h2>\n

Maximize Your Borrowing Power<\/strong><\/p>\n

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If you have substantial equity in your home and need significant financing, a $500K HELOC offers a great deal of borrowing power. Evaluate these options to find the optimal rate and term for your goals.<\/p>\n

Pros and Cons of a HELOC<\/h2>\n

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\n\n\n\n\n\n\n
\t\t\t\t\tPROS <\/th>\n\t\t\t\t\tCONS <\/th>\n<\/tr>\n
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Competitive interest rates that are lower than some other loan types<\/div>\n<\/td>\n
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Variable interest rates fluctuate based on the federal benchmark rate, potentially increasing monthly payments<\/div>\n<\/td>\n<\/tr>\n
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HELOCs let you access your funds as needed compared to a traditional loan that’s paid as a lump sum<\/div>\n<\/td>\n
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Lenders use your property for collateral when you take out a HELOC, which jeopardizes your house if you default<\/div>\n<\/td>\n<\/tr>\n
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If your HELOC meets IRS guidelines, your interest may be tax-deductible, but you must use the funds to purchase, build or improve a home<\/div>\n<\/td>\n
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You can expect to pay loan fees between 2% to 5% of your total loan expenses fees<\/div>\n<\/td>\n<\/tr>\n
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You may be required to pay several fees, including appraisal, application and closing fees<\/div>\n<\/td>\n
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If the property value drops, you can owe more on your HELOC than your home is worth<\/div>\n<\/td>\n<\/tr>\n<\/table>\n