http://24hourmortgageinfo.com/cash-out-refinance/cash-out-refinance-or-second-mortgage-if-second-mortgagehome-equity-loan-or-heloc Mortgage Information When You Need It 24 Hours A Day Sat, 29 Nov 2008 14:54:59 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://24hourmortgageinfo.com/cash-out-refinance/cash-out-refinance-or-second-mortgage-if-second-mortgagehome-equity-loan-or-heloc/comment-page-1#comment-2458 goz1111 Sat, 08 Nov 2008 07:22:59 +0000 http://24hourmortgageinfo.com/cash-out-refinance/cash-out-refinance-or-second-mortgage-if-second-mortgagehome-equity-loan-or-heloc#comment-2458 look the best interest rate you will get is a fixed rate at 30 year if you can not afford this rate, you will get crushed with a home equity or other second note, they are variable and rates are not coming down but going up, after the teaser rate period is over you are going to get whacked almost double the payment, so when looking at a home equity read the fine print, see how long the teaser rate last and figure what ever your payment is double it once the teaser period is over<br><b>References : </b><br> look the best interest rate you will get is a fixed rate at 30 year if you can not afford this rate, you will get crushed with a home equity or other second note, they are variable and rates are not coming down but going up, after the teaser rate period is over you are going to get whacked almost double the payment, so when looking at a home equity read the fine print, see how long the teaser rate last and figure what ever your payment is double it once the teaser period is over
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]]> http://24hourmortgageinfo.com/cash-out-refinance/cash-out-refinance-or-second-mortgage-if-second-mortgagehome-equity-loan-or-heloc/comment-page-1#comment-2457 regerugged Sat, 08 Nov 2008 06:38:59 +0000 http://24hourmortgageinfo.com/cash-out-refinance/cash-out-refinance-or-second-mortgage-if-second-mortgagehome-equity-loan-or-heloc#comment-2457 Monthly payment for 220,000 at 6.5 for 15 years is $1,916.50 for 30 years it is $1,391.00. I have a HELOC. At my bank it is 1 point higer than a HEC for 15 years.<br><b>References : </b><br> Monthly payment for 220,000 at 6.5 for 15 years is $1,916.50
for 30 years it is $1,391.00.
I have a HELOC. At my bank it is 1 point higer than a HEC for 15 years.
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