I have a fixed rate home equity line of credit on 64,000. With the lower rate on variable. Is it worth switching over? The fixed rate is at 7.3% and the variable rate is at 4.8%. I would save around $133 a month. I would apply the savings to the principal. Or is there any way to get a lower fixed rate?
Orignal From: fixed or variable rate home equity 2.5% difference?
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