Lock in a rate for 36 months. As low as 5.50% Annual Percentage Rate.
Borrow just the amount you need and repay it with a fixed rate that will not change when other rates go up. Expect the same payment amount every month. Know your exact payoff date for your loan.
The interest you pay will be low, but it also may be tax deductible, just like your mortgage interest. Please consult a tax advisor about your individual situation to determine whether your Home Equity interest paid will be tax deductible.