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September 28, 2006
Benefits of Fixed Rate Home Equity
There are two types of home equity loans: home equity installment loans (HEILS) which are generally fixed-rate loans, and home equity lines of credit (HELOCs) which are adjustable rate loans. Second mortgages consistently offer lowered interest rates than those of credit cards and unsecured personal loans, resulting in lower monthly payments. The tax deductibility and low interest rates of a home equity loan also make it attractive. The saving from consolidating credit card debt make these fixed rate home equity loans even more
From Benefits of Fixed Rate Home Equity
Posted by Ken at September 28, 2006 11:21 AM
