5 routes to freedom

In the past two years, consumers have watched helplessly as the the rates doubled on their home equity lines of credit. However, now as the dust settles, we realize that there is actually no need to worry since there is a way or rather five ways out of this mess. Naplesnews.com reports:

Sometimes it makes sense to refinance at a higher rate. “That sounds completely opposite what a refinance is supposed to do,” says Anthony Hsieh, president of LendingTree. And that’s why it’s best to look at all the options.

Read more: Lowering the cost of a home equity line of credit