Weigh Interest Rate, Long-Term Plans Before You Refinance Your Home Weigh Interest Rate, Long-Term Plans Before Refinancing (At Home) - The Virginian Pilot

Weigh Interest Rate, Long-Term Plans Before You Refinance Your Home Weigh Interest Rate, Long-Term Plans Before Refinancing (At Home)

By The Virginian Pilot

  • Release Date - Published: 2008-02-16
  • Book Genre: Reference
  • Author: The Virginian Pilot
Our rating: 5/5 stars

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Weigh Interest Rate, Long-Term Plans Before You Refinance Your Home Weigh Interest Rate, Long-Term Plans Before Refinancing (At Home) The Virginian Pilot read online review & book description:

I have an adjustable-rate mortgage (ARM) with one more year to go. When is the best time to refinance? Also, should I get an equity line of credit for household emergencies or home improvements? Your second question is easy. I strongly recommend that every homeowner who has some equity in his or her house get a HELOC, or home equity line of credit. Many banks will not charge any fees for setting this up. The advantage of such a loan is that you do not have to pay any interest (or any monthly mortgage payments) until you borrow money.

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