This line of credit usually carries lower variable interest rates which let's you take advantage of good market conditions and get money at probably the lowest rates on the private financial market. (badcreditloanservices.com)
While many lenders offer very low variable interest rates, those rates could potentially go up if interest rates increase. (lendedu.com)
Unless you can find a really low variable interest rate, it is advisable to select a fixed rate since market variation won't affect your monthly payments and once you've added the installments to your budget, you won't have to worry about the loan anymore. (badcreditloanservices.com)