Is there such thing as a fixed home equity line of credit

Discussion in 'Chit Chat' started by _Tree_, Mar 3, 2009.

  1. _Tree_


    Just wondering if there is a fixed home equity line of credit? I have a variable one of 2.74%. (prime - 0.51%) but I kinda wanna take out a lot of money (to buy other houses I'm going to slum lord it) that I dont plan on paying back for a while.
  2. No not that I know of. (I have Diversification in REinvesting)

    But most are 10/1 ARM
    If slum lording it, Are you Section 8ing for income? If so you'll never need the 10/1. It will pay off soon.