HELOC
Cheaper than a personal loan for homeowners, but understand the variable rate risk.
Use this page as a benchmark, not as a guaranteed quote or eligibility promise. The price, rate, fee, coverage, or feature set can change with location, customer profile, promotional timing, scope, and provider terms. Compare the current source disclosure before you buy or sign.
FairPrice Guru keeps the benchmark separate from the provider's marketing. A higher price is not automatically unfair when it buys more coverage or a better scope, and a lower headline price is not automatically better when fees, restrictions, or missing features change the real cost.
Price and terms
- Typical: $8.75 APR %
- Range: $7.50–$11
FairPrice score: 75/100
Features
- Variable rate
- Revolving
- 10-year draw / 20-year repay
Pros
- Tap equity as needed
- Interest-only draw period
Cons
- Rate resets can hurt
- Home is collateral
Best for
- home-improvement
- emergency-fund
Official source · Last verified 2026-07-04