<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Mr. I - Man:
And most home equity loans are variable so the interest will continue to rise, taking more money out of your pocket and out of the value of your home as time goes on. </div></BLOCKQUOTE>Most maybe, but not all. The current 2nd Mortgage, and the new one (if it goes through) are both fixed for the life of the loan. Also, the new one would be at a lower rate then I am currently paying, so I would be paying less interest, on more money (more money $ wise, but less money % wise)
Ok people. I AM NOT A RETARD. Thanks
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