Look for a lender that offers a rate-cap on the variable interest rate. Consider an organization whose APR is close to the prime rate, since the prime rate changes every quarter, look for a lender that follows suit. Find a lender that adjusts rates in increments of 0.5% or less, so that your interest rate won't take a huge jump at once; also see if they will allow you to convert your home mortgage loan calculator into a home equity loan if interest rates get too high. Another thing to be aware of is the practice of charging superfluous fees such as account maintenance fees, appraisal fees, closing fees, usage fees, or even fees for writing checks. The best home equity line of credit of lender will make money on the interest accrued rather than excessive and creative fees. Find only home mortgage loan calculator |