Ohio Homeowners Secret Heloc Rates Information Revealed Today
How to Qualify for a HELOC
Qualifying for a HELOC involves several factors, including your credit score, debt-to-income ratio, and the amount of equity you have in your home. Most lenders require a minimum credit score of 620, though higher scores can secure more favorable terms4. Additionally, having at least 15-20% equity in your home is typically necessary. It's advisable to shop around and compare offers from multiple lenders to find the best rates and terms—search options to discover competitive offers that suit your needs.