Tag Archive for: equity line rates

Equity Line Rates Fell 1.75%! Closing Costs Vs. Cash To Close; Japan Should Scare You

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I. Why Equity Line Rates Are Plummeting Every time the Fed cuts the Fed Funds Rate, the Prime Rate falls. The Prime Rate is the rate that banks charge their […]Read More

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

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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