Adjustable Rate Home Equity Loan
from Wachovia Bank
Wachovia Bank's Adjustable Rate Home Equity Loan has lower initial monthly payments with initial fixed rates on the first one, three, five, or seven years of your loan. There are loan terms up to 30 years and there is a minimum $10,000 loan amount.
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Adjustable Rate Home Equity Loan Reviews
Oct 24, 2008 3:26 pm
You may be able to deduct your interest expense on your taxes, just like your mortgage with this loan from Wachovia. The closing cost is typically lower than refinancing your first mortgage, as well, and the initial monthly payment is typically lower than a fixed rate loan. You can be in your home for the initial fixed rate period, as well. It's a good idea to get this fixed rate now.
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