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Mortgage vs HELOC Amortization
Mortgage vs HELOC Amortization I have a question about loan amortization. I'm getting a loan for some home remodeling. I have seen bad things happen with HELOC loans. But, those people also had bad financial discipline. My bank is offering two loans: home equity loan at 7.5%, 30 yr loan due in 20. The other is a HELOC at 4% for 6 months then prime -0.5%. Interest only for 10 ...
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