How to get a home equity loan even with bad credit – Bankrate – For starters, the lower your credit score, the more interest you’ll pay. Someone with an excellent score of 740 or above might pay 5.99 percent interest on a 15-year home equity loan (according to recent averages), while a borrower with a score of 620 would pay closer to 12 percent.
Credit Score of 575: Home Loans, Auto Loans & Credit Cards – Is a credit score of 575 good or bad? What does a credit score of 575 mean? Brace yourself for some bad news. If you have a credit score of 575, you have what’s considered "poor" credit and are in need of credit repair ASAP. As a general rule, credit scores below 619 receive the worst interest rates on home loans, auto loans and credit.