Benefits and drawbacks away from house security fund Interest levels will vary generally by the bank and you will borrower. Your credit rating, loan amount, collateral, or any other items usually determine exactly what rates you get, but typically, house security loan rates during the 2024 average between 6.75% and you can 9%. It is very important think the advantages together with disadvantages from a house security financing before you take you to definitely away. They truly are: Straight down