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Is it wise to tap HELOC funds to pay down mortgage principal?

by Anncar from Roseville, California. Feb 1st 2020 Reply

David Kosmecki (David_Kosmecki)
#36 ranked lender in Minnesota - 258 contributions

keep in mind when considering, HELOC rates are variable based on prime with no caps on adjustments. These are typically long term decisions not short term. In the short term, I'm sure you will save interest. In the long term, it could get way out of hand.

Feb 1st 2020
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,636 contributions

Used money borrowed against your house to pay down money borrowed against your house?

Feb 2nd 2020
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