With a home equity loan, the value you have added to your house is converted into a lump sum payment that must be returned over a predetermined period of time at a predetermined rate. The wise uses are those that enhance rather than deplete your finances. 12 separate files, 12 debtors, and 12 methods for the same commodity to pay off.
Every borrower situation is different. That is the line I come back to whenever someone asks me how to use a home equity loan, because the question is really 2 questions stacked on top of each other: what can you do with the money, and what should you do with it for your file. The first question has a long list of answers. The second one only has a few.
A home equity loan, sometimes called a HELOAN, is a second mortgage. You borrow against the equity you have built in your home, you get the money in one lump sum at closing, and you repay it at a fixed interest rate on a fixed monthly schedule, typically over 5 to 30 years. Lenders generally let you borrow up to a combined loan-to-value of 80% to 85%, with some programs going to 90% for borrowers with strong credit and stable income. Strip out what you still owe on your first mortgage and what is left is the slice you can tap.
The product is simple. The decision around it is not. A home equity loan is a smart move when the dollars you borrow do something productive: repair a roof, replace a system at end of life, eliminate a stack of credit card balances at 20%-plus rates. It is a costly move when the money goes toward something the home will not give back to you. Below are 12 uses I see most often when borrowers in the Dallas-Fort Worth region call in to talk through their options. When I am onboarding new loan officers in our region, I tell them to ask about the use case before they price the loan, because the answer changes which product fits. Some of these uses are clear wins. Some have a real argument against them depending on your file. The job here is to show you the mechanics, the math, and the questions to ask before you sign.
Throughout, I will reference numbers from authoritative sources: the Federal Reserve, the IRS, the CFPB, Remodeling Magazine's annual Cost vs. Value Report, the College Board, the Kaiser Family Foundation, and the National Funeral Directors Association. Every figure is sourced in the References section so you can verify it yourself.
Before the 12 uses, two definitions worth getting right. A home equity loan is a closed-end second mortgage. You receive the full loan amount at closing, your rate is fixed for the life of the loan, and your payment is the same every month. A home equity line of credit, or HELOC, is open-ended. You get a credit limit you can draw from, repay, and draw from again during a set draw period. Most HELOCs carry variable rates tied to the prime rate plus a lender margin. A cash-out refinance is a third option entirely. You replace your existing first mortgage with a larger one and walk away from the closing table with the difference in cash.
The three products solve different problems. A fixed-rate home equity loan is built for borrowers who know exactly how much they need, who want predictable monthly payments, and who do not want to disturb the rate on their first mortgage. A HELOC fits flexible-spend situations where the total cost is hard to pin down upfront. A cash-out refinance fits files where the borrower would benefit from refinancing the first mortgage anyway, or where the equity draw is large enough that a single rolled-up loan beats two separate payments.
When a borrower calls in and asks for a home equity loan by name, my first job is not to write the loan. It is to make sure the home equity loan is the right product for the file. AmeriSave underwrites all three side by side, which gives the loan officer the same conversation to walk a borrower through, regardless of which product wins.
Renovations are the most common reason borrowers I talk to take out a home equity loan, and there is a clean reason why: the IRS treats this use case differently. The interest you pay on a home equity loan is tax-deductible only when the loan proceeds are used to buy, build, or substantially improve the home that secures the loan. Use the money on a kitchen remodel, a roof replacement, an addition, or a system upgrade and the interest may be deductible, subject to the overall mortgage interest cap. Use the money on a wedding, a vacation, or a debt payoff and the deduction is off the table.
The math also tends to work better here. Remodeling Magazine's annual Cost vs. Value Report tracks the percentage of project cost recouped at resale across roughly two dozen common improvements. In the most recent report, several exterior projects, including garage door replacement, manufactured stone veneer, and steel entry door replacement, recovered more than 100% of their cost at resale. Minor kitchen remodels recovered nearly all of their cost. Higher-end interior projects sit at the bottom of the list. Bathroom additions, master suite additions, and upscale full kitchen overhauls regularly recover less than 60%, with some upscale master suite additions recovering closer to 25%. Borrowing $80,000 to do a 60%-recovery project recovers $48,000 at resale; the other $32,000 is the cost of having lived in the upgraded space until you sell.
Two questions I run before recommending this use. First, how long do you plan to stay in the home? Renovations only pay back in a meaningful way when you stay long enough for them to either appreciate or function as upgrades you actually use. Second, are you renovating because the home needs it or because you want it to look different? Both are valid answers, but the second one calls for a smaller borrow.
This is the use case where the math is most often misunderstood. The Federal Reserve's G.19 Consumer Credit release tracks average commercial bank credit card interest rates, and as of the most recent release, that average sits in the low 20% range. A home equity loan rate, even at the higher end of the equity-product spectrum, is typically several percentage points lower than that. The interest savings on a fully consolidated $30,000 credit card balance can run into the thousands per year.
But consolidation only works if the credit cards stay paid off. The pattern I have watched repeat is straightforward: a homeowner uses a home equity loan to wipe out $25,000 in credit card debt, then runs the cards back up over the next 18 months. Now the home is leveraged and the cards are full. The loan was the symptom; the spending was the disease. Before recommending this path, I look for two signals. First, a clear understanding of what caused the credit card debt in the first place. Second, a written plan for what happens to the cards once they are paid off.
There is a second misconception that gets in the way: borrowers with low-rate first mortgages who refuse to touch their home at all. The math you should be looking at is money borrowed versus money repaid. It does not matter whether the debt sits on your mortgage, your credit cards, or an installment loan. What matters is the total interest you pay over time. For some borrowers, a home equity loan that brings $30,000 to $60,000 in revolving debt under one fixed-rate payment cuts more interest than the rate on the first mortgage costs to leave alone.
The average published tuition and fees at a four-year public in-state institution sit close to $12,000 per year, and four-year private nonprofits sit around $45,000 per year. Add room, board, books, and travel and the all-in total can run 2 to 3 times the published tuition number. For families looking at a multi-year cost of $200,000 or more, parent borrowing options include federal Parent PLUS loans, private student loans, and home equity. Each has trade-offs.
A home equity loan can come in below the Parent PLUS rate. The Parent PLUS rate is set annually by the Department of Education and runs roughly 2 to 3 percentage points above the federal undergraduate Direct loan rate. The interest is not tax-deductible for education use under current IRS guidance, and there is no income-driven repayment safety net the way Parent PLUS has. The home is the collateral. If the borrower cannot pay, the lender can foreclose. Federal student loans cannot do that.
Where this use case fits: a parent with significant home equity, a stable job, a manageable debt load, and a plan to repay the loan well before retirement. Where it does not: a parent stretching to make payments now in the hope that the income picture will improve later. A loan officer should walk through the math on both options before underwriting either one.
An unexpected hospital stay or a planned procedure not covered by insurance is among the most common reasons borrowers tap home equity. The Kaiser Family Foundation's annual Employer Health Benefits Survey reports the average deductible on an employer-sponsored single plan above $1,800, and a meaningful share of covered workers face out-of-pocket maximums above $6,000 for single coverage, with family plan limits often higher. Once a medical bill is in collections, it can damage credit for years.
Before reaching for a home equity loan, two things to do first. Negotiate the bill. Hospital systems will routinely accept 30% to 50% off the original charge if the patient asks and pays in a lump sum. Ask about medical hardship programs; many systems run them but do not advertise. After those, if the remaining balance is large enough that paying it off over 5 years on a fixed rate is the cleanest path, a home equity loan does the job. Better than 24% on a credit card; better than ignoring the bill and watching it land in collections.
Using a home equity loan as the down payment on a second home or rental property turns one piece of real estate into two. Done right, the rental income covers both the new mortgage on the rental and the home equity loan payment on the primary residence. Done wrong, the borrower ends up with negative cash flow on the rental, a vacancy at the worst possible time, and two mortgages and a home equity loan to keep current.
The rule I run with borrowers considering this path: the rental income on the new property should cover the new mortgage payment plus the home equity loan payment plus an additional buffer for vacancy, repairs, and property management. And it should still cover those costs if the property sits empty for 2 months. If the math only works with full occupancy at top-of-market rent, the deal is too tight. AmeriSave underwrites investment property purchases and the home equity loan on the primary residence, and the loan officer can model both payments against the projected rent before either loan closes.
I am going to be direct about this one because it gets asked. The average wedding now costs around $34,000, with venue, catering, and photography accounting for the bulk of the spend. Borrowing $30,000 against a home for a single-day event means paying back roughly $38,000 to $45,000 over a 5-to-10-year term, depending on rate.
This is a use case where the loan is legal, the loan is approvable, and the borrower needs to think hard before signing. A home equity loan is collateralized by your home. Default risk on the loan is foreclosure risk on the residence. For most borrowers I talk to, financing a wedding through a home equity loan is the wrong product. A personal loan, careful budgeting, or a smaller event are usually better answers. Where it can work: borrowers with substantial equity, strong income, and a clear plan to pay the loan off in under 10 years. Where it does not: borrowers stretching the budget already and using the home equity loan to plug a gap.
Personal savings is the most common funding source for owner-operated startups in the United States, and home equity is one of several outside-of-savings sources business owners turn to alongside credit cards, personal loans, and friends-and-family lending. Home equity loans show up because the rates are usually well below business credit card rates and small business unsecured loan rates. Approval is based on the borrower's personal qualifications, not the business's. And the funds arrive in a single lump sum rather than in tranches tied to revenue milestones.
The trade-off is the same one as the wedding case, only larger. The home is the collateral. If the business does not work out, and Bureau of Labor Statistics data, which the SBA cites, shows roughly half of new businesses do not survive 5 years, the borrower has lost the venture and now owes the home equity loan against a residence that did not generate the income to repay it. Before recommending this use case, I want to see a borrower who has been planning the business for at least a year, who has 6 to 12 months of household reserves separate from the business funds, and whose household budget can carry the home equity loan payment even if the business produces zero revenue for the first 18 months.
Using a home equity loan to buy a car generally only makes sense in two narrow situations. The first is when the home equity rate is meaningfully below the auto loan rate the borrower can otherwise get, which can happen for borrowers with thin credit files who are quoted high auto loan rates but who have substantial home equity. The second is when the borrower is buying a vehicle outright in cash and wants to spread the payment over a longer period than a typical auto loan allows.
The structural problem is the term mismatch. A home equity loan term is often 10 to 30 years. A vehicle's useful life is typically 8 to 15 years. Borrowing on a 30-year term to buy something with a 15-year life means paying for the car long after it is gone, which is a real cost that does not show up on the rate comparison alone. Federal Reserve G.19 data tracks both home equity and auto loan rates, and the spread between them is usually narrower than borrowers assume, often small enough that the term mismatch wipes out the rate savings.
Adoption, fertility treatments, an unexpected family relocation, a parent moving in. These are the cases where a home equity loan can fit cleanly because the cost is large, one-time, and known upfront. The IVF cycle, the adoption agency fees, the moving expenses, the in-law suite addition: each has a number that can be quoted, financed, and repaid on a fixed schedule. The borrower knows what the money is for and what life looks like once it is repaid.
What separates this use case from the wedding case is the structural difference between the spend and the outcome. A wedding is a single-day event. An adoption brings a child into the household. A fertility cycle creates a family. The borrower is not financing an event; they are financing a long-term change in household composition that the home equity loan helps make possible. The math still has to work, but the question of whether the loan is worth the risk is easier to answer.
This one is a HELOC use case more often than a home equity loan one, but borrowers ask, so it gets covered here. The pitch is: open a line, do not draw on it, treat it as an emergency reserve. Why not use a home equity loan? Because a home equity loan funds in full at closing, accrues interest from day one, and starts requiring payments immediately. Holding $50,000 in a savings account drawn from a home equity loan and paying interest on it the whole time is an expensive way to feel safe.
If the goal is true emergency-fund backstop, a HELOC is the better match. If the goal is to fund a known expense and have a small reserve cushion within the same approved amount, a home equity loan fits. The product follows the use case, not the other way around.
The National Funeral Directors Association's General Price List Survey reports the median cost of a funeral with viewing and burial above $8,000, and a cremation funeral with viewing roughly 75% of that. Combined with cemetery costs, a single funeral can run $12,000 to $18,000 or more. Families facing this expense without time to plan often turn to credit cards, which sit at credit card rates.
A home equity loan can repay the credit cards used in the immediate aftermath, or fund the costs directly when there is time to set up financing in advance. The reason to do it: lower interest, fixed schedule, predictable payment. The reason to be careful: this is a grief-decision moment and lenders have an obligation not to push it. A loan officer should walk the conversation slowly when this is the use case, and make sure the borrower understands the alternatives, including whether a personal loan or a smaller withdrawal from existing savings might fit better.
Borrowers who took out a HELOC during a low-rate period and watched the variable rate climb often look for a way to lock the balance at a fixed rate. A home equity loan is one route: close on a new fixed-rate second mortgage and use the proceeds to pay off the HELOC. The remaining balance amortizes on a known schedule at a known rate. No more rate-reset surprises.
Two things to verify first. Run the numbers on the closing costs versus the interest savings; if the HELOC is close to being paid off anyway, the costs may outweigh the benefit. And check whether the existing HELOC has a fixed-rate conversion option already built into it; some do, and converting in place is cheaper than refinancing externally. AmeriSave underwrites both new home equity loans and refinances of existing equity products, and the loan officer can model the breakeven on both options before you commit.
The single biggest piece of tax guidance on home equity loan use comes from IRS Publication 936, which covers home mortgage interest deduction rules. Under current law, the interest on a home equity loan is deductible only when the loan is secured by your main home or second home and the proceeds are used to buy, build, or substantially improve that home. The deduction is also subject to the overall mortgage debt limit, currently $750,000 in combined acquisition indebtedness for loans taken out after the limit took effect, with grandfathered loans at $1 million.
What this means in practice. A borrower who takes a $60,000 home equity loan to renovate their kitchen can typically deduct the interest, subject to the standard itemization threshold. The same borrower taking a $60,000 home equity loan to consolidate credit card debt cannot deduct the interest at all, even though the loan is identical. The IRS does not care about the name of the product. It cares about how the proceeds are spent.
If you are using a home equity loan for a mixed purpose, say, $40,000 for a kitchen renovation and $20,000 to pay off cards, only the renovation portion of the interest is deductible, and you have to be able to document the allocation. Talk to a tax advisor before assuming any deduction. The tax treatment can swing the effective rate on the loan by a meaningful amount, but only if the use case qualifies.
About half of the calls I answer about equity involve this topic. The short answer is that all three products borrow against the same equity pool, and which one is best for you will rely on three factors: how much you need, how consistent your spending is, and the state of your first mortgage rate.
When you know exactly how much you need, the expense is one-time, and you want a fixed rate and fixed payment, a home equity loan is the best option. College tuition bills, debt consolidation with a fixed payoff amount, and renovations with a contractor's signed bid all fit. The first mortgage remains untouched. Your household budget is expanded to include a second monthly payment.
When the spend is staged or fluctuating, a HELOC is the appropriate product. Long renovations where expenditures come in over months, ongoing tuition payments throughout numerous semesters, an emergency reserve you may or may not draw on. The flexibility is the advantage; the fluctuating rate is the drawback. Here, too, the first mortgage is left unattended.
When the equity pull is substantial, the rate on your current first mortgage is at or above current market rates, or consolidating to a single mortgage payment is preferable to maintaining a separate loan, a cash-out refinance is the best option. You take out a new, bigger mortgage to replace the previous one. Just one payment. new price. new phrase. When first-mortgage rates have changed against them since their last refinance, most borrowers fail to notice the complication: you give up whatever rate you presently have.
A home equity loan might be ideal if the borrower is performing a one-time remodeling and wants payment predictability, in which case a HELOC might not be appropriate. However, the HELOC is a preferable option for a borrower who wants to maintain a low first-mortgage rate and has an open-ended remodel. Additionally, a cash-out refinance can address both issues simultaneously for a borrower with a 7% first mortgage who need $80,000 in cash. Three distinct files, three products. In order for the borrower to compare the actual monthly payment, total interest, and closing expenses side by side, AmeriSave's loan officers price all three on the same call.
The standard qualification box on a home equity loan looks roughly like this. Lenders generally want a credit score in the 620 to 680 range as a floor, with the best rates reserved for scores above 740. The combined loan-to-value ratio is the total of your first mortgage balance plus the new home equity loan, divided by your home's appraised value. That ratio typically caps at 80% to 85%, with 90% available on the strongest files. Debt-to-income ratio caps generally sit at 43% to 50%, depending on the program. And the lender will require documented income, employment, and an appraisal.
The thing that catches borrowers off guard most often is the appraisal. A homeowner who watched the local market run up over the past several years assumes their equity has run up too. Sometimes it has; sometimes the appraised value comes in below the borrower's assumption. The Federal Housing Finance Agency's House Price Index can give you a regional read on what is happening to home values, but the appraisal on your specific home is the number that determines what you can borrow. AmeriSave orders the appraisal early in the process so the borrower knows the actual ceiling before committing to a loan amount.
If your first option does not fit, the next common path is to check your debt-to-income ratio and pay down a credit card balance to bring it inside the cap. After that, shorter loan terms can sometimes shift a borderline file. After that, a different product structure: the cash-out refinance, or a smaller home equity loan paired with another funding source. The point is the file is not always solved by the first product on the menu.
Let me walk through one because the numbers are usually clearer than the principle. Imagine a borrower with a $350,000 first mortgage at 3.25%, a home appraised at $600,000, and $32,000 in credit card debt at an average rate of 22%. That figure is close to the Federal Reserve G.19 average for commercial bank credit card plans on accounts assessed interest.
The credit card debt at 22% costs roughly $7,000 in interest per year if the balance is held flat. Even if the borrower is paying it down on a 5-year payoff schedule, total interest paid runs in the high teens of thousands over the life of the payoff.
Now suppose the borrower takes a $32,000 home equity loan at, say, 9% (illustrative; actual rates vary by file and current market) on a 10-year fixed term. The monthly payment is in the range of $405. Total interest paid over the 10-year term is roughly $17,000 on a $32,000 loan, or about half the rate of the credit cards. The borrower's total cash leaving the household every month drops because the credit card minimums are gone, replaced by a single fixed payment that is meaningfully lower than the previous combined credit card minimums.
The borrower never touched the 3.25% first mortgage. The first mortgage rate did not need to be touched for the consolidation to work. The math is on the credit card balance, not on the home loan. This is the most common case where a home equity loan saves money even when the first-mortgage rate is enviable.
Three patterns show up where I do not recommend a home equity loan, and they are worth naming directly. The first is using the loan to fund a lifestyle the household income cannot support: vacations, luxury purchases, ongoing discretionary spending. The home becomes collateral on consumption, and when the income picture changes, the loan still has to be paid. The second is using a home equity loan to chase a high-risk investment: speculative trading, a friend's startup, a get-rich-quick opportunity. If the investment fails, the home is at risk for an outcome the borrower could not control. The third is using a home equity loan to pay another debt that the borrower cannot afford to keep paying, what is sometimes called shifting deck chairs. The underlying spending pattern has not changed, only the location of the debt.
What ties these three together is a mismatch between the collateral and the use. A home equity loan is secured by your home. The home is the family's primary asset, not a borrowing instrument of last resort. Use the loan for things the home can either give back to you, like renovations that boost value, or for things that change the household's overall financial position, like consolidation that cuts interest or refinancing that lowers payment shock. Use the loan as collateral on consumption and the math eventually catches up.
One piece of collateral, three items, and twelve uses. For the right borrower in the proper circumstance, the home equity loan is a clean tool; nevertheless, when the use case is incorrect, it is the incorrect tool. The calculation usually works for renovations, consolidation, and one-time life events with known expenses. The math usually fails when it comes to weddings, vacations, and consumption-driven borrowing.
Before you sign, ask three questions. Does the use case increase the value of your house, your overall financial situation, or both? Have you examined the real rates and closing expenses from the same lender for the home equity loan, HELOC, and cash-out refinance side by side? And even if the revenue picture shifts, can your home budget easily accommodate the new payment? The loan is fulfilling its intended purpose if all three questions are answered in the affirmative. Pausing, asking additional questions, and pricing the options are the best course of action if the answer to any of them is no.
With loan specialists that can guide you through the comparison in a single conversation, AmeriSave underwrites cash-out refinances, HELOCs, and home equity loans on the same platform. You own your file. It's not your neighbor's. The product that the math indicates is best for you is the right one.
The majority of lenders cap your total loan-to-value at 80% to 85%, with some programs going as high as 90% for the best applications. Subtract the amount owed on your first mortgage after multiplying the appraised worth of your house by the cap, let's say 85%. The remaining amount is the highest amount that a lender will typically grant.
Consider a $500,000 property with a $300,000 initial mortgage. $500,000 times 0.85 minus $300,000 = $125,000 at an 85% combined loan-to-value ceiling. The ceiling is that. Credit, debt-to-income, and reserves all affect how much is really granted for you. Before speaking with a loan officer, you can do your own calculations using AmeriSave's home equity loan calculator on the home equity loan product page.
Interest on a home equity loan is only deductible if the loan proceeds are utilized to construct, purchase, or significantly enhance the property that serves as collateral. Subject to the existing $750,000 overall mortgage debt limit for loans inside the post-TCJA level, you may be able to deduct interest if you use the funds for kitchen renovations, roof replacements, or additions. The interest is not deductible if you use the same loan to pay for a wedding or to consolidate credit card debt.
Only the interest on a home renovation loan is deductible if you are using it for a mixed purpose, and you must be able to show the allocation. Before presuming that any deduction will apply to your particular case, speak with a tax adviser. Although they are unable to provide tax advice, loan officers are able to clarify the documentation that lenders usually require.
One type of closed-end second mortgage is a home equity loan. The rate is set for the duration of the loan, your monthly payment is fixed, and you receive the entire loan amount in one lump sum at closing. HELOCs, or home equity lines of credit, are unlimited. A credit limit is given to you, which you can use as needed during the draw time. The rate is usually variable, based on the prime rate plus a lender margin.
Your spending habits will determine which option you choose. Home equity loans have known costs, one-time expenditures, and payment certainty issues. Rate certainty is less important than variable cost, staged spend, and flexibility: HELOC. Both are included on AmeriSave's home equity products site, and in a single session, the loan officer can compare your particular file to both pricings.
According to official industry guidelines, the lowest advertised rates are typically held for scores at 740 and higher, with the majority of lenders setting the floor at a 620 to 680 credit score. Applications with significant compensatory factors (meaningful equity above the loan amount, low debt-to-income, and steady verifiable income) will nevertheless be taken into consideration by some lenders below the floor. The extra risk will be reflected in the price.
Two moves are helpful if your score is close. Within one to two billing cycles, paying off a credit card balance can improve your score by reducing your utilization, or the portion of your credit limit that is being used. Additionally, you can use the official website annualcreditreport.com to obtain your credit reports from all three bureaus and dispute inaccuracies for free. You can view your pricing before formally applying using AmeriSave's soft-pull rate quote, which has no effect on your score.
Depending on the appraisal turnaround time, the borrower's documentation response, and any title issues that come up during underwriting, the majority of home equity loans close two to six weeks after application. Following the closure of a home equity loan secured by a primary property, the borrower has three business days to rescind the transaction. Until that window closes, the loan does not truly fund.
Documentation is typically what slows down a closing down. More documentation is usually required for borrowers who are self-employed, have irregular income, or have recently changed jobs than for borrowers who have been employed by the same company for a number of years. Before applying, gather the required paperwork: a recent mortgage statement on the first lien, two years' worth of W-2s or tax returns, two months' worth of bank statements, and one month's worth of pay stubs. The single biggest influence in advancing the timetable is the ability to upload these at the beginning of the application on the majority of online application systems.
Indeed. Like a first mortgage, a home equity loan is secured by your house, so nonpayment may eventually result in foreclosure. Because borrowers occasionally regard home equity loans like unsecured personal loans when the structural risk is closer to the initial mortgage, the Federal Trade Commission and the Consumer Financial Protection Bureau both release consumer recommendations especially on this topic.
What this implies for the choice of use case. The loan quantity should be more cautious the riskier the use. The risk profile of borrowing 30% of your home's worth to remodel a primary bathroom differs from that of borrowing 80% of your home's value to finance a startup. Can the remaining income cover the first mortgage and the home equity loan if your household loses one earner? If the response is negative, either the loan amount is excessive or the use case is incorrect. Before underwriting the loan, a trustworthy loan officer will go over the stress-test calculations with you.
Because the loan is secured by the home, home equity loan rates are often significantly lower than those of most unsecured personal loans and average credit card rates. Both are tracked in the Federal Reserve's G.19 Consumer Credit report. Average 24-month personal loan rates are in the low teens, average commercial bank credit card rates on accounts assessed interest are in the low 20% range, and home equity loan rates are usually several points lower than the personal loan amount.
Your credit, loan-to-value ratio, and the state of the market all affect the precise spread. Pricing will be significantly lower for a borrower with a 760 credit score, a 60% combined loan-to-value, and steady income than for a borrower at the bottom of all metrics. Current pricing tiers are available on AmeriSave's home equity loan rate page, and a loan officer can quote your particular file in a single call.
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