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Musicfan
Bewarse Legend
Username: Musicfan

Post Number: 71541
Registered: 05-2004

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Votes: 0

Posted on Thursday, February 25, 2021 - 9:18 am:   

for example, if EMI of mortgage is 1500, and balance of mortgage is around 100k

with HELOC you pay around 300-350 per month, put that 1200 in HELOC account and get interest on that account which will be more than the difference of mortgage vs HELOC interest rate antunnadu

but the catch is HELOC interest rate is not fixed it can go any higher based on Govt decisions
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