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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

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  #1  
Old 07-27-2011, 09:11 AM
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jchief jchief is offline
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Default Home equity
Is a home equity line of credit better or a fixed loan?
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  #2  
Old 07-27-2011, 09:39 AM
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simplepeddler simplepeddler is offline
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I would say no right now.
with the impending downgrade, you will see rates go up.

HELOC's are not locked in as I understand them.
I would go for a fixed rate NOW before the rates jump.

I just did it.
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  #3  
Old 07-27-2011, 10:11 AM
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It is not locked in. It is 2 points above prime.
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  #4  
Old 07-27-2011, 10:28 AM
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Our HELOCS have a lock option. Interest rates are typically lower too bc of the equity being used as collateral.
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