Most home
equity credit lines bear the stipulation that the creditor can freeze your line under situations that are outlined in Regulation Z, under the Federal Reserve Board's codes.
Not exact matches
A typical rate for a home
equity line of
credit could be in the 4 % range or even lower (although
bear in mind that the variable APR would most likely rise over time).
Back in the day, before 2007, when money was so cheap that even a grizzly
bear wandering around the forest could get a mortgage for his cave, banks also were happy to extend home
equity loans and
lines of
credit to single - family homeowners.
Bear in mind that there are other ways to tap the money in your home, too, such as a home -
equity loan or a home -
equity line of
credit, from which you can draw on an as - needed basis.
However,
bear in mind that while these type of loans for
credit card consolidation purposes are widely available to most borrowers, but they frequently demand interest rates that are higher than available home
equity line of
credit solutions.