Financial terms: view below
the definition for terms used on this search results page.
Product: A home equity loan is a loan based on the amount of equity a homeowner has in the property. It has a fixed rate, payment and term, usually five to 15 years, and the interest paid is usually deductible.
Lender: The organization lending the money. This survey group includes banks, thrifts and other representative institutions.
FICO range: The minimum to maximum FICO rate that the applicant can have to qualify for the quoted rates, points and fee combination.
Rate: The process of calculating your loan payment to pay off the debt at the end of a fixed period, including interest on the outstanding balance.
Max loan to value: The maximum percentage of the home’s value that will be lent by a lending institution.
Fees and conditions: Any discounts or rate reductions for having payments automatically debited from another account.
Advertiser comments: Additional information given by the listed institutions.
Location: The state and city in which you are seeking a home equity loan. ZIP codes may also be used.
FICO score: The most commonly used credit score. The name comes from the Fair Isaac Corporation, which developed the credit report-based model that is used to predict the likelihood that a person will pay his or her debts.
Avg. rate: The average of all the rates listed in the intro rate column.
Show selected only: This reduces the number of listings in the rate table and compares the products you selected by clicking the check box.