Tuesday, January 26, 2010

Heloc Interest Calculator Should I Pay Off My HELOC Of Fixed Interest Rate?

Should I pay off my HELOC of fixed interest rate? - heloc interest calculator

I have a second mortgage HELOC $ 25,000 for 12 years at a rate of 8% fixed rate. A year later, 11 more to go. Talk to approximately $ 10,000 available, he would be part of my debt with the HELOC to pay up to $ 10,000 in the amount of 8% interest to invest? I know it will shorten my long-term debt of 11 years 7, but perhaps because I now pay more principal and less interest every month, I'm not sure it's the best plan of action.

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