How often can the interest rate change on a Home Equity Line of Credit?
After the introductory period ends, the interest rate on our Home Equity Line of Credit is based on the Prime Rate plus or minus a margin which is established when the account is opened. This rate is subject to change on a monthly basis. If you are worried about rising interest rates, you can always "lock in" the interest rate on a portion or all of your Home Equity Line of Credit!
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