The majority of HELOCs are variable interest; however, the option exists for fixed or hybrid as well. Some banks offer a low fixed rate for 5-10 years, which is all the time most students need to pay off their home. A hybrid HELOC allows one to lock a portion of the outstanding balance at a fixed rate while leaving the rest on variable interest rate. With coaching, we are able to spend time and review each strategy and determine whether a fixed or a variable rate HELOC is right for the given situation, such as external market conditions or personal cash flow.