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Adjustable Rate Home EquityYou can't afford to wait any longer to take advantage of today's interest rates. They're still historically low, and the time is now to remodel your kitchen, consolidate high-interest debts, or finally fund that dream vacation for your family. Hurry before it's too late, and rates return to normal! Adjustable rate home equity loans have a rate that remains fixed for a specific period of time and then begins to adjust periodically. This can be a great option for borrowers who feel that interest rates may decrease or that are planning to live in their home for less than five years. We can help you decide which adjustable rate home equity loan is the right one for your specific situation. Get a free quote today! Home Equity Mart is the national online leader for both fixed and adjustable rate home equity mortgages. We are dedicated to making sure that your lending experience is as timely and enjoyable as possible. Let us help you realize your housing dreams now, and be on the way to financial freedom! Anyone who thinks that adjustable rate home equity loans don't have a niche in the mortgage market, better think again. Adjustable rate credit lines are also called HELOC's by loan officers, underwriters and savvy consumers. HELOC's have significantly increased in popularity over the last few years, with the advent of loans like the payment option ARM, and the interest only loan that offers a fixed interest rate for a period of 3, 5,7, or 10 years before converting to adjustable rate loans. Clearly credit lines have a place in the mortgage industry, but they should not be abused, and borrowers should know exactly what they are getting themselves into. Good loan officers will discuss and consider factors such as how long you plan on dwelling in this home, and how much of a payment you can afford each month for a mortgage payment. Be careful getting yourself into an adjustable rate mortgage just to qualify for a home loan. You should be able to afford the fully-indexed payment so that when the intro fixed rate converts to a variable rate you will be able to afford the new mortgage payment. So you may want to consider purchasing a house that cost less if that is the case with you. For the complete article
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