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New Mexico Home Equity Loans
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Home Equity Rates
PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 4.09% 4.16%
15 year fixed Graph Icon Arrow 3.25% 3.30%
5/1 ARM Graph Icon Arrow 3.28% 3.36%

 Rate disclaimer

PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 4.09% 4.17%
15 year fixed refi Graph Icon Arrow 3.25% 3.34%
10 year fixed refi Graph Icon Arrow 3.15% 3.18%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 3.20% 3.20%
48 month used car loan Graph Icon Arrow 3.18% 3.19%
60 month new car loan Graph Icon Arrow 3.44% 3.44%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.75% 0.71%
1 Year CD Graph Icon Arrow 1.24% 1.24%
2 Year CD Graph Icon Arrow 1.41% 1.41%
PRODUCT Rate
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%

Mortgage Brokers & Lenders Directory

You can search our directory or Mortage Brokers & Lenders and get a current quote on 30 year fixed mortgage rates as well as current mortgage interest rate for other loan programs.

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New Mexico Home Equity Loans


Southwestern and modern homes throughout New Mexico are being remodeled and updated using a home equity loan or a home equity line of credit (HELOC). Local New Mexico lenders from Las Cruces (88011) to Albuquerque (87112) are offering competitive second mortgage rates and terms, however understanding which home loan product is best can be confusing.

Although most borrowers use a home equity loan to fund home improvement or repair, others find a home equity loan to be used best for debt consolidation. Debt consolidation is when the borrower pays off several debts using one loan, the home equity loan. The advantage is one monthly payment (instead of several), typically at a lower interest rate. To cover ongoing expenses, such as college tuition or medical expenses, borrowers turn to a home equity line of credit (HELOC). A home equity line of credit is a variable interest rate line that allows the borrower to access the cash they need over a period of time. The advantage of a home equity line of credit is a lower interest rate and only having to make payments on the amount drawn against the line.

More About Home Equity Loans


New Mexico Home Equity Loans by County
Bernalillo County Home Equity Loans Harding County Home Equity Loans Roosevelt County Home Equity Loans
Catron County Home Equity Loans Hidalgo County Home Equity Loans San Juan County Home Equity Loans
Chaves County Home Equity Loans Lea County Home Equity Loans San Miguel County Home Equity Loans
Cibola County Home Equity Loans Lincoln County Home Equity Loans Sandoval County Home Equity Loans
Colfax County Home Equity Loans Los Alamos County Home Equity Loans Santa Fe County Home Equity Loans
Curry County Home Equity Loans Luna County Home Equity Loans Sierra County Home Equity Loans
De Baca County Home Equity Loans Mckinley County Home Equity Loans Socorro County Home Equity Loans
Dona Ana County Home Equity Loans Mora County Home Equity Loans Taos County Home Equity Loans
Eddy County Home Equity Loans Otero County Home Equity Loans Torrance County Home Equity Loans
Grant County Home Equity Loans Quay County Home Equity Loans Union County Home Equity Loans
Guadalupe County Home Equity Loans Rio Arriba County Home Equity Loans Valencia County Home Equity Loans