Home Equity Loans: Fixed or Variable Rates?

While selecting a fixed-rate mortgage loan is usually the best choice in today's market, the decision is not as clear when you're tapping your home's equity for a home equity line of credit or a home equity loan. You can save about 2.5 percent in interest by choosing an equity line, which gives you the flexibility of using it for one project, paying it off and then using it again for another project. With the