A $50,000 home equity loan comes with lower costs again now that the interest rate climate is cooling. BanksPhotos/Getty Images

Around $313,000. That's how much equity the average U.S. homeowner currently has at their disposal right now.

With home equity levels hitting a record high , according to an August report, depending on your circumstances, you may have even more to borrow right now. While most lenders will require owners to keep a 20% equity threshold in the home, it's easy to borrow a smaller amount, like $50,000. And with a home equity loan , specifically, you can do so with an interest rate that's materially lower than you'd otherwise receive with a personal loan or credit card.

With the first Federal Reserve rate cut of 2025 issued just this week, then,

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