TD Bank has among the lowest interest rates that are not just an initial teaser rate—it’s for the life of the loan. The 7.99% starting APR is specifically for its 10-year home equity loan.
a home equity loan can be an affordable way to do so. Compared with other options, interest rates on home equity loans are usually better than personal loan rates and credit card rates.
Your home builds value, or equity, from a combination of paying down your mortgage and rising real estate prices. This equity only becomes available when you sell the house or borrow against it.