line of credit: 4 Questions to Ask About Your Home Equity Line of Credit (HELOC) - 02/11/19 09:00 AM
  
 Here are four questions to ask in order to better understand your HELOC:
 
 
What will cause the Prime index to go up?  The interest rate on your HELOC is determined by adding a margin to the Prime rate.  This means that your interest rate will go up when the Prime rate goes up.  The Prime rate changes whenever the Federal Reserve change its Federal Funds rate.  The Fed has indicated that they'll be increasing the Fed Funds rate as the economy improves.  This means that as the economy continues to get better, the interest rate on your HELOC … (1 comments)