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BofA HELOC

This is a topic titled BofA HELOC made in the Credit Problems section, belongs to our Mortgage Chat category; I have a HELOC with BofA and would like to fix it at my current rate (Prime 5.00%) before it goes up... BofA tells me that if I want ...








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Old May 30th, 2008, 03:58 AM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default BofA HELOC

I have a HELOC with BofA and would like to fix it at my current rate (Prime 5.00%) before it goes up... BofA tells me that if I want to fix the rate my new rate will be (7.80% P&I)... I can't afford a PI payment at 7.8%.... Any advise on how I should go about getting this loan fixed at a lower rate?
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