Posts from the ‘line-of-credit’ Tag

November 24, 2010

Open vs. Closed Mortgages: The Surprising Winner Is…

Home-equity lines-of-credit (HELOCs) and open variable-rate mortgages are tempting to borrowers because they can be paid off with no penalty. Are they worth it? Using current interest rates, today's post puts the numbers to the test and compares the cost of open- vs. closed-term financing solutions. As you will see, the results are both surprising and definitive.
April 9, 2010

Readvanceables – How to Make Your Own Mortgage

Do you want an off-the-shelf product or a customized mortgage that is designed to fit your specific profile? Many people aren't aware that readvanceable mortgages offer you the flexibility to literally make your own mortgage. Check out today's post to learn more.