Once your application is approved ... when comparing HELOC products. "Variable-rate HELOCs normally have a lower starting rate than fixed-rate loans," says Mark Charnet, founder and CEO at ...

Depending on the lender, you can get approved and funded for a personal loan in as little as one day to a week of application. What's the difference between a fixed and variable interest rate?

"A variable-rate HELOC can be risky, especially if you have a high debt-to-income ratio, meaning you already owe a lot ...

For some homeowners, a fixed rate can very easily be the preferred choice while others may find the variable HELOC rate advantageous. On the other hand, home equity loan rates aren't that much ...