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If You Are Like Many Home

If you are like many home owners who have variable rate home equity lines of credit then you are watching your interest rate slowly climb along with your payment as the prime rate continues to rise. If you have a very small balance on your heloc you do not have much to worry about, but if you have a larger balance you may want to explore what options you have to get into a fixed rate 2nd mortgage or refinance your first mortgage while rates are still low.

Tags: interest rate, home equity <BR/>

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