The Fed just lowered interest rates, and that’s good
news if you own a home and have solid credit.
Lower rates can make borrowing
against your home equity cheaper, while letting you keep your existing low
mortgage rate.
If you’ve
built up equity and have a credit score of 680 or higher, now's a smart time to check your options on a
comparison site like
LendingTree.
Many homeowners qualify for significant amounts (sometimes over $200,000). The money can be used as you see fit.
It’s free to see potential rates and lenders,
there’s no obligation, and
many homeowners are surprised to learn they can access funds without
changing their current mortgage rate.
For homeowners with good
credit and a low mortgage rate, a home equity loan can be a way to borrow thousands of dollars without
affecting your original rate.
Check rates
here.
How Much Can I Borrow?
- Get started by clicking on your state in the map
below.
- It takes around 2 minutes to review and compare loan offers
How do I see if I qualify?
With interest rates dropping, many homeowners are
finding it’s an even better time to tap into their home equity.
LendingTree has helped thousands of American homeowners tap into their
home equity. It only takes a couple of minutes to get started, and you’ll quickly see lender options offering
the best rates and amounts.
If you’ve got a solid credit
score, this rate cut could work in your favor, whether you’re looking to consolidate debt, renovate, or just
free up extra cash.
Step 1:
Click on your current mortgage balance:
