Mortgage or H.E.L.O.C. (Ep. 17)

Traditional Mortgage or Home Equity Line Of Credit
Mortgage Breakdown Ep. 17 - Mortgage or HELOC. What works best for you?

The Mortgage
- Fixed or variable rate for a set payment
- Set term (3, 4, 5 year etc)
- Set amortization
- Closed. Penalty if you payout the mortgage early or more than the prepayment privileges allow.

The HELOC
- Variable rate. Minimum interest payment
- No term
- No amortization
- Open. No penalty for paying it out early. Pay it out at any pace.

What is the best option for you? Maybe a combination of both?

Message me or give me call today and let’s discuss what options there are for your mortgage.

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