Home Equity Loan Rates: The Illusion of Choice The financial landscape for homeowners has become increasingly complex, with multiple options available for tapping into home equity.
A recent report from Curinos highlights the small difference between current home equity loan (HEL) rates and average HELOC rates – just 2 basis points.
While this seeming parity may lead some to assume that choosing between these two products is largely a matter of personal preference, nothing could be further from the truth.