Ask Terry Questions Heloc loan

Heloc loan

By Terry Savage on March 29, 2024 | Housing / Real Estate

If the feds lower the interest rate, will the HELOC loan go down?

Terry Says

That depends on the terms of the deal you made. Typically, rates are based on an index and changed either monthly or yearly– but you need to know the terms of your line of credit — and the amount you have borrowed out of it.



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