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re: Using a HELOC to pay off mortgage sooner

Posted on 3/10/22 at 11:37 am to
Posted by Dawgfanman
Member since Jun 2015
22550 posts
Posted on 3/10/22 at 11:37 am to
quote:

ten years at my current rate. Interest is 2.5% on a 15 year.


Why pay this off early? The real cost to pay this back is shrinking each day at an accelerated rate. (You owe them the same amount of dollars, but those dollars are worth less and less). Stretch it out
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