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re: Is mortgage refinancing worth looking into for me?
Posted on 9/9/19 at 3:31 pm to UpstairsComputer
Posted on 9/9/19 at 3:31 pm to UpstairsComputer
I would like to keep HELOC and mortgage separate, I will probably pay it off in the next 12-14 months. My HELOC rate is prime + one halp point.
Value of house is around $500K, I have a line of 250K with about 40 against it.
Value of house is around $500K, I have a line of 250K with about 40 against it.
Posted on 9/9/19 at 3:56 pm to slinger1317
I'd be lying if I said I had any experience doing what you're asking, but I'd imagine with that level of equity and your credit it should be doable even if it means the actual steps include closing one HELOC and opening another. And I'd expect it to be doable in one closing.
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