https://blog.charlestonmtg.com/tags/home-equity/Recent content in Home Equity on Charleston Mortgage BlogHugoen-usTue, 27 Oct 2026 07:15:00 -0500https://blog.charlestonmtg.com/posts/heloc-charleston-sc-homeowners/Tue, 27 Oct 2026 07:15:00 -0500https://blog.charlestonmtg.com/posts/heloc-charleston-sc-homeowners/<p><strong>A HELOC lets Charleston homeowners borrow against their equity without giving up a low first-mortgage rate. Most lenders let you borrow up to about 80% of your home&rsquo;s value, minus what you owe. The national average HELOC rate was 7.36% on October 21, 2026, according to Bankrate, and HELOC rates usually move with the Fed.</strong></p> <p>With Charleston County single-family prices near $715,000, many local owners have built real equity. If you want to fund a renovation, storm hardening, or a big expense this fall, here&rsquo;s how to decide whether a HELOC is the right tool.</p>