Borrowing through a home equity loan or HELOC can be a cost-effective option in today's high-rate environment, especially as homeowners have an average of $200,000 in tappable equity. To secure the best deal this fall, consider locking in a rate after the Federal Reserve's expected rate cut, compare offers from various lenders, improve your credit score, make strategic home improvements, and negotiate fees and closing costs. These strategies can help you maximize savings on your home equity borrowing.
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