Tag equity vs unsecured loan

Personal Finance

Home Equity Loan vs Personal Loan: Which Makes More Sense for a Major Renovation?

Homeowner comparing home equity loan vs personal loan options for a major renovation project

Home equity loans average 8.36%—roughly half the 12.37% typical personal loan rate. Here's when each option actually wins for major renovation financing.

Sophia Okafor
December 2, 2025