Home Equity
Hello Terry ,
Looking to tap into our home equity for home improvement and clean up about 15,000 in unsecured debt , we good with the 8o% loan to value . Current mortgage at 2.8%.
What would be better to do HELOC or Line of credit , don’t want to mess with the current Mortgage rate .
Thank you for your time !!
Terry Says
Whatever you do, don’t tough that 2.8% mortgage — and make sure you know what you’re doing when you sign the papers for any kind of home equity loan or line of credit. Are you sure there isn’t a better way of paying down your credit card debt?
