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Asked by SHARON
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Most HELOCs use the Prime Rate as the index, the margin is what is added to the index to determine the effective rate. This margin will vary from one firm to another...
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Use this mortgage refinance calculator to figure out if you should refinance, how much money refinancing at an adjustable rate would save you, and how much cash you could take out of your house...
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Asked by Brian
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Brian - Yes there are always closing costs; the question is whether or not YOU pay them as the borrower. Closing costs can be paid outright by you, they can ...
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Use this mortgage refinance calculator to figure out if you should refinance, how much money refinancing at a fixed rate would save you, and how much cash you could take out of your house to sp...
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Asked by an anonymous user
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
"It depends" is the answer to your question. If you mean in comparison with a 30-year loan, the answer is "probably", due to the fact that most HELOCs have a draw peri...
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