home equity line of credit interest rate

home equity line of credit interest rate spend

year. The one exception to the deduction would be if you refinance with the existing lender. In this case you would have to continue to amortize the remaining points over the life of the home equity line of credit interest rate loan, together with any points paid on the new home equity line of credit interest rate Taxpayers who bought $1 million homes expecting a generous tax break could be in for a shock, said Michael Fratanponi, senior director of single family research and economics at the Mortgage Bankers Association. ``That's going to really bite,'' he said. Rising expenses send some homeowners borrowing home equity line of credit interest rate themselves to cover costs. But are borrowers burrowing in over their heads? Mortgage broker Teresa Simmons says the rising popularity of the second mortgage stems from customers clinging to rates they locked in when they capitalized on their first mortgages. "The second mortgage product is probably going to become more active in the marketplace because people aren`t going to be so willing to give up those fives, nor should they be, to get home equity line of credit interest rate money and access the equity in their home," Simmons says. "They should take