Real estate blog entries tagged with line of credit by Lewis Poretz - Mortgage Advice

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Home : Blogs : Lewis Poretz | Social Media | Featured Blogger | Advice | Problem Solver : Annapolis Maryland - High Quality Mortgage Advice : Tag "line of credit"

line of credit: The best home equity line in the world... - 06/05/09 10:54 AM

Why would I ever want to refinance my 2.5% line of credit???
Were you one of the ones who took out a monster line of credit a few years back, because you could? Well there were plenty of you that did. And what a brilliant decision you made huh? Where else could you get a payment that low for that amount of money borrowed? Why would you want to refinance a 100K loan at 2.5% to a fixed rate that is higher?
Let’s assume the prime rate (the tool used in adjusting your line of credit) remains … (1 comments)

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