Legal Question in Real Estate Law in Florida

equity line of credit

we are paying almost 14% on our second mortgage equity line of credit, is this not over the interest cap allowed in forida?


Asked on 4/06/07, 3:15 pm

2 Answers from Attorneys
florence hessen florence f. hessen,esq

Re: equity line of credit

Hi:

I do not believe that this is over the legal rate in Fl. however, you should think about refinancing this credit line.

Good Luck

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Answered on 4/06/07, 3:18 pm
Craig Dorne Craig M. Dorne, PA

Re: equity line of credit

It is within the legal rate of interest

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Answered on 4/06/07, 3:29 pm


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