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Financing in 33428 : Real Estate Advice

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  • Home Buying6
  • Home Selling4
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Activity 1
June Buerkle, Home Buyer in Chattanooga, TN
Thu Jun 30, 2016
June Buerkle answered:
A HELOC is generally at a higher interest rate than a first mortgage.

You would have to do the math on a refinance ..... if you pay closing costs with a new lower interest rate how long will it take to you to have a positive ROI versus just paying extra principal on the existing loan. ... more
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