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Home Equity Loans Interest Rates?
Im wanting to finance a pool with a home equity loan. Does that loan effect my current interest rate on my mortgage, or are they seperate?
By
tamantha22
Posted on
06/11/08 Total Answers
2
Answers-
They are completely separate. You have a contract with the company that holds your mortgage and that is whatever it is. If you get a home equity, even if it is with the same company, that is a separate account with it's own agreement.
Answer by :
Andrea T On Date
2008-06-11 20:19:03
They are separate. Check into a home improvement loan while looking at the home equity loan. You may have more benefits that way.
