Savings Corner
DECEMBER 24, 2023
Loan amounts vary widely, typically from around $1,000 to $50,000 or more, and interest rates currently range from about 6 percent to 36 percent. Repayment terms typically range from one to seven years. These loans tend to come with lower interest rates that can help consumers save money on interest or secure a lower monthly payment.
Savings Corner
APRIL 4, 2024
Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. As of late January 2024, home equity loan rates for the benchmark $30,000 loan are averaging just under 9 percent, within a tight range of 8.5 to 10 percent.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Family Balance Sheet
SEPTEMBER 9, 2014
About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) They ranged from a low of about $2,300/yr (no zeros missing there!) We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt.
Savings Corner
APRIL 4, 2024
We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site.
Expert insights. Personalized for you.
52 
Let's personalize your content