Updated 27 days ago on . Most recent reply
All in one first position HELOC
Hello BP Community, company called CMG in all 50 states has a refi program that ties your mtg. with checking so when you deposit it goes toward mtg. Loan to drop balance daily. We have $130k in equity and they will loan $100k and raise pymnt. from $530 to $880. Not sure should do as we have $55k in debt that planned to pay, we also have a rental with same or more equity and would like to move to smaller home as we’re both 60. But by paying debt we wouldn’t have enough to put down on new primary. Any smart people that can offer guidance would be sooo appreciated.Regards