We are thinking about getting a home equity loan. We need a new roof and our AC unit is making our electric bill sky-high.
We’ve never had a home equity loan before, and I’m just wondering if we should go with the company that holds our mortgage, a different company, or does it matter?
Any tips would be helpful as we’ve never done this before.
Posts Tagged ‘Should’
Should You Get A Home-equity Loan With The Bank That Holds Your Mortgage?
Monday, May 11th, 2009Should I Pay Down My Home Equity Loan Or Pay Off Credit Cards?
Sunday, May 10th, 2009Hi. My home equity loan is an interest only adjustable and I am currently paying something like 7.02 (I have a rate of 1.25 below prime). I also have credit card debt on two cards, but they are fixed at 4.02 and 4.99. I know its usually better to not have the credit card debt, but since the rates are fixed and lower than my heloc, should I work on paying the heloc off first (I owe twice as much on my heloc as I do on my credit cards). Thanks.
