queen0fspring
New member
Since the rates are low we would like to refinance our home. We have owned the home home for 10 years. We would like to put some money down,get a lower interest rate, and change the term to 10 years. When I called the bank the person recommended a Home Equity Loan since we don't have to pay for the processing like we would a mortgage. He also said since the amount was less than $100,000. Does anyone know about this? I have asked around but I think people get confused with a HELOC. Thanks.
Thanks livein md. Are current rate is 6.75% and the one we were looking at would be 4.5%. We are thinking of putting some money down. So it would not be not more than $60,000. Thanks.
Thanks livein md. Are current rate is 6.75% and the one we were looking at would be 4.5%. We are thinking of putting some money down. So it would not be not more than $60,000. Thanks.