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Buying & Selling Real Estate
HomeForumsBuying & Selling Real Estate15 vs 30 year loan for heloc
Rebecca Z.'s profile image
Rebecca Z.'s profile image
Rebecca Z.
  • from pittsburgh, Pennsylvania
  • Member since Aug 1, 2016
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Rebecca Z.'s profile image
Rebecca Z.'s profile image
Rebecca Z.
  • from pittsburgh, Pennsylvania
  • Member since Aug 1, 2016
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Rebecca Z.
  • pittsburgh, PA
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Buying & Selling Real Estate

15 vs 30 year loan for heloc

Rebecca Z.
  • pittsburgh, PA
Posted Aug 7 2016, 19:19
We are buying our primary residential house and are thinking about opening a heloc after closing to pay off the mortgage sooner. In this case is a 15 year mortgage better than a 30 year? Since the interest rate is lower for the 15 year! Please provide your insight. Personally I have never operated a heloc but only learned from books and podcasts. Thanks.
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