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Can I have a fixed or variable rate on my Home Equity Line of Credit
Written by
renxue
April 15, 2008 11:23
Yes! In addition to our standard variable rate, you can chose our "Loan in a Line" option. The "Loan in a Line" allows you to lock in all (up to your credit limit) or a portion of your Home Equity Line of Credit balances at a fixed rate. This allows you the security of having a fixed rate, a fixed payment and a fixed term. The best part about this feature is that as you pay down your Loan in a Line fixed rate balance, your variable rate line of credit becomes available for future use. Subject to a set up fee and other restrictions.