Posted on September 9, 2010.
Charlene Lafuze says...
Typically home equity loans have variable interest rates ... the very same type of rate programs that a causing the havoc in the current banking and real estate market.If your rate is fixed for the term, you will have predictable payment streams that you can budget for.If the rates are variable, and the underlying market rate goes up again, you may be asking for trouble.Try to get low fixed rates that you can pay off as quickly as possible.Having your largest asset at risk in case you experience job loss or other financial loss really sucks ... believe me, I speak from experience.
Posted on September 12, 2010
I am thinking of Refinancing and Chase Bank IS ready to Give a 10 yr 170k home equity loan.Is this was my Better Than Existing home mortgage loan.Is There Who Has anyone suggestions for this.