eHow launches Android app: Get the best of eHow on the go.

About Fixed Home Equity Loans

Video Preview
From Quick Guide: Home Equity Guide

Summary: Fixed home equity loans are loans with a fixed rate of interest, as opposed to variable interest rate loans. Find a fixed home equity loan with the lowest possible interest rate using advice from a registered financial consultant in this free video on home equity loans.

Views:
51
Presenter
By Patrick Munro
eHow Presenter

Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"This is financial advisor, Patrick Munro, talking about fixed home equity loans. Fixed home equity lines of credit are very important to have, as opposed to the word variable. If you get involved in a product that is a variable product it it can be such that the interest rate can go up over time, and therefore, your financial life, including your salary and various ways to repay the loan, are not going up in value, and as a result you can end up in a bad situation. So, fixed home equity lines of credit are granted at various times in the economic cycle, and rates are available, and they're available for a long period of time; most notably, thirty years. It's great to know where you stand on a loan relative to your house for thirty years. Then, of course, if rates do go down below the one that you have you can come forward to the bank again and present yourself and refinance, it's called a refinance, your fixed rate to a better fixed rate. Always make sure that you seek out the best fixed rate possible with the bank that you're dealing with. This is financial advisor, Patrick Munro, talking about fixed home equity lines."

eHow Article: About Fixed Home Equity Loans

Related Ads

  • Have you done this? Click here to let us know.
Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance