Are you talking about a Home Equity Line of Credit? If so, many HELOC loans come with a feature that allows you to convert into a traditional home-equity loan at some point. I.E., after their draw periods are up, many HELOC loans allow you to convert them to regular home-equity loans. This will provide you with a fixed interest rate and a fixed payment instead of the traditional adjustable interest rate that you get with a home-equity line of credit. You should contact your lender.
One way to get a fixed rate is to refinance your mortgage. Good Luck!... more
Sorry this took so long to get back to you. Oscawana Lake is beautiful !! I love it up here. I am currently renting the second story of a house and live in complete peace and quiet. I also came from the Bronx and to live surrounded by houses but not see a neighbor unless you WANT to is lovely. You have to drive a few minutes to the local store ( you can't walk to anything up here ) but everyone knows each other there and are always friendly. We wanted the same things.. a yard, open spaces, peace and quiet and LOVE it. Originally I was looking in Westchester but for the $1,400 I was going to pay for a shoe box 3 bedroom apartment down there I got a huge house up in Putnam, plus a wonderful school district, land, a porch, a sunroom, a basement for storage... You name it.. It was there. Plus we lived near the lake so we got lake rights and were able to enjoy that perk in the summer. It is lovely up here. DO IT !! :)... more
It will be in your best interest to talk to your bank or financial institution where you have your credit line originally. Find out if with your personal financial condition, you can qualify to transfer the line of credit or just apply for a new one.
Putnam Valley taxes are varied, a older home with a small sq ft would tend to less then a new home with the same sq ft. If you would like I can send you a varied of listings for you to compare just email me email@example.com. I am a top selling agent here in Putnam.
exp: Beds: 2 Baths: 1 (1 0) (FH) Sq Ft: 770 Lot Sz: 0.310ac tax $7300
Beds: 2 Baths: 1 (1 0) (FH) Sq Ft: 830 Lot Sz: 0.760 tax $7591
Beds: 2 Baths: 1 (1 0) (FH) Sq Ft: 1000 Lot Sz: 0.172ac tax 5200
This is of course with out the star tax reduction of appx: 10%... more