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Updated about 9 years ago on . Most recent reply

User Stats

15
Posts
2
Votes
John Lupo
  • Investor
  • Hollywood, CA
2
Votes |
15
Posts

Move from a variable equity line into a fix 30 year loan ?

John Lupo
  • Investor
  • Hollywood, CA
Posted

I am not sure if moving my current position I am in with a variable 400k equity line , into a fixed loan at 4.5 percent , I don't need the funds anymore because I used those funds for a down payment on a larger apartment building,

I am just wondering if I should keep the equity line, or is it a good idea to move into fixed loan for 30 years now while rates are still low,

Any feed back would be greatly appreciated

  • John Lupo
  • Loading replies...