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Home equity loans refinancing is a way of restructuring
what you owe to a lower monthly payment. The best time to refinance
is when interests rates are low. Fill out an application
for home equity loans refinancing.
Why choose home equity loans refinancing? Today's rates
are not just low, they are the lowest they have been in 30 years.
Apply today to get the lowest interest rates home equity loans
refinancing.
Home Equity Loans Explained
Prior to 1995, most lending institutions set a maximum credit
of around 80% Loan to Value (LTV). Today banks offer credit
lins well over 90%. As an example, assume you own a home that
has been appraised at $150,000, and you owe $75,000 on your
mortgage. At 80% LTV your credit limit is $45,000. ($150,000
* .8 = $120,000 - $75,000.)
Home Equity Loans typically have variable interest rates a few
percentage points above the prime rate. This rate is almost
always less than what you would pay on credit card debt. Typically
less than 10% and certainly no where near as high as 15%. In
combination with tax savings, home equity loans are a bargain
method of borrowing money. If your home equity loan is given
a fixed rate, you have the opportunity to contact be contacted
by a mortgage broker to discuss refinancing to a lower rate
- Simply fill out our online application to be put in touch
with a lender in your area.
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