Hey all! I’ve just refinanced my home to keep my mortgage payments relatively the same (within $20) and brought the duration of the loan from 28 years down to 20. My wife doesn’t want this to necessarily be our forever home but would like to move into something with an additional bedroom and a pool.
I’ve researched HELOCs and how you can use them to pay off your mortgage in a much shorter amount of time. I have about $100k equity in our home at the moment. I’d like to pay down our mortgage as much as possible to be able to get more money back when we decide to sell. Does anyone else have experience in using these to pay off their mortgage?
I’ve researched HELOCs and how you can use them to pay off your mortgage in a much shorter amount of time. I have about $100k equity in our home at the moment. I’d like to pay down our mortgage as much as possible to be able to get more money back when we decide to sell. Does anyone else have experience in using these to pay off their mortgage?