A low, fixed rate loan may be your best option. Even as interest rates rise now, a fixed rate mortgage loan must stay at the same, low interest rate and payment, unlike a Home Equity Loan (HELOC) that is tied to something like Prime Rate, especially now that the new tax rule has taken away Home Equity Loan interest deductibility.
Thinking of taking cash out of your home's equity? Your reasons are your own. You may even choose a zero closing cost option to take full advantage of every savings opportunity.
Build equity faster, and have your mortgage paid off far sooner? Consider refinancing into a shorter term like a fifteen year loan.Curious about your many refinancing options? Let's talk: 407-647-4440.
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