2pare different types of home equity loans. There are two main types of home equity loans: fixed-rate loans and variable-price finance. Fixed-rate money possess a fixed attract rate and monthly payment for the entire loan term, which can range from 5 to 30 years. Variable-rate loans have an interest rate that can change periodically based on an index, such as the prime rate or LIBOR, plus Vermont loans a margin. The monthly payment can also vary depending on the interest rate changes. Variable-rate loans usually have lower initial interest rates than fixed-rate loans, but they also carry more risk of rate increases and payment fluctuations. Читать далее →