I really like the fact that I received a great interest rate on my home equity line of credit (HELOC), but I was happier still once I started using a HELOC payment calculator. You see, when I signed the loan documents for my HELOC, I was approved for the standard variable rate repayment structure. [...]
Like so many people I had gotten my self into trouble with my credit cards but a Countrywide HELOC really put me on the fast track to recovery and saved me a bunch of money, to boot! A HELOC is a home equity line of credit loan. It provided me with a line [...]
If you are in the market for either a HELOC loan or an interest only mortgage and find it hard to decide which way to go, you might like the following information to help you make up your mind.
Attractive features of a HELOC loan
The most attractive feature of a HELOC loan is the ability to [...]