The equity in your home that you can access and borrow is known as tappable equity. A home equity loan (HEL) can help you maximize your home equity, whether you're looking to fund home improvement projects or consolidate debt.
Minnesota's home equity loan rate for a 10-year term is 7.6% APR, slightly lower than the national average of 7.7%. For a 15-year term, Minnesota's rate is 7.9%, identical to the national rate. We've compiled detailed insights on current home equity loan rates in Minnesota, including city-specific rates, top lenders and tips on securing the best rates for using your home's equity.