We have a system of loans $ 80K HELOC. We currently pay interest only on the basis of the base rate. If we

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Perform wait a refinancing of a mortgage of 15 or 30 years, or just for a while and see how the Federal Reserve Board, their loan rates continue to fall to the banks? The price I’ve seen in recent months to fix rates on HELOCs were not very attractive. Our house is worth about 110,000 and we have a HELOC to pay off all our credit card debts. The house was for us to come from the HELOC, which would bezahlt.Was the best way to get that HELOC can continue. There is no early withdrawal fee? What should we do?

2 Comments
  1. Reply
    Joe K
    January 27, 2011 at 12:20 pm

    if all you have is the heloc, and no first mortgage, and your interest is over 6% on the heloc, then refince and turn the heloc into an actual mortgage!!

    a 15yr mtg will give you a slightly better interest rate… a 30 yr will give you lower “required” payments… you could always pay more each month if you wanted, but have the smaller minimum required amount with the 30

  2. Reply
    Jennifer
    January 27, 2011 at 12:47 pm

    Hi,
    I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
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