Home Equity Loan Rates Nj What Factors Determine Whether A Home Equity Loan Or HELOC Is Better, Assuming Int. Rates Are Similar?

What factors determine whether a home equity loan or HELOC is better, assuming int. rates are similar? - home equity loan rates nj

No fees for any of them. HELOC rate is variable, home equity loans is fixed, but take the whole amount at once and start paying interest on home equity loans (loans over the course of time than ever with more small quantities in a HELOC). Do not worry about fairness, etc.