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July 26, 2006

You CAN lower the cost of your home equity line of credit

If you have taken a home equity line of credit against your home, you are probably one of the many consumers who have watched the rates double on them in the past two years. But that is no reason to fret and fume and raise your BP. You still have options available to you. Rocklintoday.com reports:

A few lenders, including Bank of America, Washington Mutual and Wells Fargo, offer hybrid credit lines that allow the borrower to set a fixed rate on some or all of a HELOC's balance.

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

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