HELOC is a loan based on the equity available in a borrower’s home, with tax-deductible interest and flexible repayment terms, but with variable interest rates and the risk of foreclosure if the terms are not met. It is advisable to consult a financial advisor before accepting this type of loan. HELOC, pronounced HEE-lock, is the […]
HELOC rates are complex and consist of a margin and prime rate. They can fluctuate from month to month and interest is charged based on the balance accumulated over the course of a month. It’s important to shop around and learn about the interest rates and fees associated with the loan before committing to a […]
