“I love the show!! Listening to the predatory loan products episode. Rachel is wrong about heloc vs arm. The heloc rate is also adjustable and changes with prime so it could go up many times even in one year. Many are about to lose their homes since the heloc rate has more than doubled over the last few years! An ARM has caps on how much it can increase and the increased payment is disclosed showing worst case scenario that the rate increases to those caps, so it is not changing to an unknown amount. George is right, heloc is worse.”
Jhild7 via Apple Podcasts ·
United States of America ·
03/21/24