HELOC vs Conventional Mortgage

2 Replies

Hello,

I am working on educating myself about HELOC.I currently have a 30 year conventional Mortgage loan for the last two years.

Are there any advantages convertinv to HELOC for my situation?if yes?How can I convert to HELOC based loan payment. Appreciate your input.

Thanks

Not converting, where your entire payment could be escalated. Only is one product I'm Aware of that has a HELOC in first position. It can't be called due. Most common use is to have 30 yr fixed w a smaller HELOC in second position.
what are you looking to do with the funds?