Currently Browsing: HELOC
Information About Second Mortgages
In my last blog article, I provided information on Home Equity Lines of Credit (HELOC). Sometimes, however, that can be referred to by a different name. Many homeowners have heard the term “second mortgage,” but not everyone knows exactly what it is…
Read More November 12, 2015Home Equity Lines of Credit
Unlike 30 year mortgages, the interest rates on most Home Equity Lines of Credit (HELOC) are based on the Prime Lending Rate. So when you hear the FED talking about raising interest rates, HELOCs are directly related to these hikes. In fact,…
Read More November 5, 2015