Tag Archive for: equity line rates

When It Makes Sense to Take a 3% HIGHER Rate (More Often Than You Think)

When I first got into the mortgage business in 1994, a borrower came to me with $160,000 of credit and auto debt and a $160,000 mortgage. He had never missed a payment, but his credit card debt was growing by $500 every month. This is because he had $5,000 per month of consumer debt payments he could not afford to make.Read More