Why should I refinance my home equity credit line with a fixed rate home equity loan?
- Fixed rate home equity Loans offer a hedge against inflation. If interest rates increase, your mortgage and your mortgage payment won't change.
- Home equity loans offer a lump sump with set terms that offer you a plan for asset acquisition. If you want to own your home some day with no mortgage payment, fixed rate mortgages are essential to reach your personal and financial goals.
- Home equity loans have a set monthly payment so you can easily creating a budget. It is nice to know what your monthly expenses will be, and since your mortgage payment will make up a significant portion of your expenses, fixed rates give you the answers to the budget tests. This can help you plan for other expenses and set long-term financial goals for yourself and your family.
Are you tired of your payment going up every couiple of months because the equity line rate is adjustable?
Apply Now for a Fixed Rate Home Equity Loan Refinance