Home equity borrowing costs have dropped to levels not seen in about three years. The $30,000 home equity line of credit fell 13 basis points to 7.31$30,000 home equity loan edged down two basis points to 7.90%. In this favorable rate environment, how do you decide if a HELOC or a home equity loan is the best option for you? Brett Schiffer, chief credit officer at CrossCountry Mortgage, says borrowers should ask themselves the ...