[Download] "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 " Book PDF Kindle ePub Free
eBook details
- Title: Weigh Interest Rate, Long-Term Plans Before You Refinance Your Home Weigh Interest Rate, Long-Term Plans Before Refinancing (At Home)
- Author : The Virginian Pilot
- Release Date : January 16, 2008
- Genre: Reference,Books,
- Pages : * pages
- Size : 77 KB
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.