Browsing Tag

rates rise

What is a Fixed Rate HELOC?

Fixed Rate HELOCA home equity line of credit, or HELOC, typically uses prices that depend on the evolution of the market. But with a Fixed Rate HELOC, you can lock in a rate that lasts for the duration of the agreement. Since the rate…

A rate hike is coming

A 1% interest rate hike could add hundreds to your monthly mortgage payments. Source: Getty ImagesWhile I am not a financial advisor and everyone should do their own research when it comes to their personal finances, there is a huge issue…