Home-equity loans could sink your retirement
Aug 23, 2012
Market Watch - “I feel the main problem looming for pre-retirees and retirees is the common adjustable rate nature of HELOCs,” said John Salter, an associate professor in the personal financial planning department at Texas Tech University. “Currently we are in a very low interest rate environment, and what looms at some point are rate increases which in turn will increase HELOC holder’s payments—we can somewhat say there’s nowhere for rates to go but up in the future.”
tags : Texas Tech in the News