Is it wise to tap HELOC funds to pay down mortgage principal?
David Kosmecki (David_Kosmecki)
#35 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.
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
Used money borrowed against your house to pay down money borrowed against your house?
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