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Much change is occurring in home equity -- and the trend will continue. The best barometer for 2007 will be the Federal Reserve. |
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Review 2006
As
the average HELOC
rate passed up 30-year
fixed rates, some
people were paying
them off, some pounced
on hybrid HELOC products
and still others stood
pat but grumbled about
those high interest
rates. |
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Preview 2007
Two events accelerated home equity debt in the early years of this century, and both appear to be fading away.
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Best moves 2007
In 2007, the best moves to make on equity debt can be boiled down to this: Keep an eye on the Federal Reserve.
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Ditching your HELOC?
Home equity line of credit payments have been skyrocketing, but the worst may be over. If the payment pain is too great, you have other options.
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Equity loan or credit line?
The
choice is seldom black
and white, but these
questions will help
you decide. |
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Finding lenders online
For
one thing, examine
their records with
the Better Business
Bureau. |
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