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What is the interest rate on a Home Equity Line?

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What is the interest rate on a Home Equity Line?

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Your interest rate may be as low as the Prime Rate (never below 5.00%). It will be based on your credit score and loan to value ratio. Your rate will vary as Prime changes, but there are federal regulatory limits on Home Equity Rates, regardless of what happens to Prime. Currently this limit is 21%.

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