11-13-2012, 12:03 AM
thanks for running the math space-time. now I have a starting point for playing with the calculator. the
HELOC is tied to Prime and has held at 3% for the last three years. I don't expect prime to rise any time soon but I do need to dig out the paperwork. I dimly recall that there were X amount of years for withdrawal and then it converts to a fixed payback period.
I was planning on continuing with the payment I'm making now even if my actual payment gets lowered. either that or pile more into the HELOC.
HELOC is tied to Prime and has held at 3% for the last three years. I don't expect prime to rise any time soon but I do need to dig out the paperwork. I dimly recall that there were X amount of years for withdrawal and then it converts to a fixed payback period.
I was planning on continuing with the payment I'm making now even if my actual payment gets lowered. either that or pile more into the HELOC.