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Home Equity With Third Federal

Opening a home equity line of credit or taking out a home equity loan is a great way to pay for the big things that can improve your family's quality of life, like college tuition, a dream vacation or starting a business. And because you’re borrowing against the value of your home, your interest rate is usually quite low. 

Home Equity Lines vs. Loans

There are two types of home equity products — home equity lines and loans. Both products use the equity you have in your home as collateral, and serve as a second mortgage. A home equity line or loan doesn’t have to be with the same lender that has your first mortgage.

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Home Equity

Home Equity Rates for December 19, 2018
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
Home Equity Line of Credit
4.24% 4.24%
Product Rate APR
5/1 Home Equity Loan
5.49% 4.71%
Product Rate APR
10 Year Home Equity Loan
5.75% 5.75%
5 Year Home Equity Loan
5.49% 5.49%
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