Consumers Digest

What is an interest rate on a personal or home improvement loan?

Public Comments

1. That depends on your loan amount, equity, loan to value, credit history, credit score, current income, etc. There are quite a few factors. 2nd mortgage rates are getting lower since the Feds lowered the interest rate. I would estimate anywhere between 6-9% if you have excellent credit and own over 20% of your home.