If you own a house, now is the time to be searching for Michigan home equity rates. Rates have never been lower on home equity loans, which allow you to borrow the amount owed on your property subtracted from its fair market value. There's no better place to look Michigan home equity rates than BestRate.com. We put all the lender information you need at your fingertips to make the best decision.
When doing research on Michigan home equity rates, it's important to be familiar with the two types of home equity products: home equity lines of credit (HELOC) and second mortgages (home equity loans). When you get a home equity line, you obtain the right to draw money, whenever you want, over a certain period of time. You only pay interest on the amount you borrow. For second mortgages, you obtain a lump sum of money. The interest rate and monthly payments are fixed.
We are at the forefront of the industry when it comes to Michigan home equity rates. In 1992, our founders originated the first mortgage over the Internet, and in 1994 they created the first online loan application. BestRate.com has been recognized by the media, including Forbes and Newsweek, for delivering a "stand out" among mortgage and loan sites.
Get started in looking for Michigan home equity rates. Choose the number of points (fees paid to lender) you'd like, and then click on one of the links above to find a lender that will work best for you. Get the latest on Michigan home equity rates through BestRate.com and start saving today!