Are you considering a Home Equity Line of Credit (HELOC)? According to Bankrate, chief financial analyst Greg McBride suggests asking about minimum withdrawals and understanding the draw period's end. CNET evaluated lenders based on interest rates, APRs, fees, and user experience. With average HELOC interest rates in the high 8% range, it's essential to understand how your credit score, income level, debt-to-income ratio, and home equity can impact your rate. A HELOC can be useful for large expenses, but it's crucial to ensure you'll comfortably repay the loan.

Source: https://www.cnet.com/personal-finance/heloc-rates/#ftag=CAD590a51e