HELOC Rates Are Rising. Is a Fixed-Rate Second Mortgage a Better Choice?

According to a recent Bankrate report, the national average HELOC rate reached 7.33%, rising for the third consecutive week. With interest rates remaining elevated, homeowners accessing their equity may want to consider the difference between variable-rate and fixed-rate financing.

Read the Bankrate article: "HELOC Rates"

Unlike most HELOCs, which have variable interest rates and payments that can change, a fixed-rate second lien offers predictable monthly principal and interest payments.

For Texas homeowners needing larger amounts of cash for remodeling, home additions, or other expenses, a 30-year fixed second lien may provide a more manageable monthly payment while allowing them to keep their existing first mortgage intact.

See How Much Cash You Could Access → Here

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2ndLiens.com is a marketing brand and is not a lender. All loans are originated through Town Lake Lending, NMLS #2484417. Todd Kurio, Loan Originator, NMLS #216616. Texas only. townlakelending.com