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Locking in a fixed interest rush to make draws and loans, says Suslov.
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Home Equity Workshop - Fixed Rate HELOCFixed Rate HELOC � Lock outstanding HELOC balances of $15, or more into a fixed rate without having to apply for or take out another loan � Receive a fixed. A fixed-rate HELOC gives you predictable repayments that you won't get with a variable rate loan. It allows you to freeze a portion or all of your balance at a fixed interest rate, protecting you against market fluctuations that impact rates.
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