Updated 6 months ago on . Most recent reply
Help with Leverage Decision
I'm looking for advice. I currently have a HELOC that is in payoff locked in at 3% for the next 25 years for about $44K, but it's preventing me from accessing $450K in additional equity. by the time I save that amount I want to buy a property. I can take out another HELOC and assume the $44K into it but than I would be paying a higher interest rate with a shorter payoff period. any advice?