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Why would you want to take this agreement? It’s equivalent to borrowing more against your house which isn’t inherently good. And we already have HELOC for peopl
by zeroonetwothree 3y ago
Why would you want to take this agreement? It’s equivalent to borrowing more against your house which isn’t inherently good. And we already have HELOC for people that want it
- toast0 3y agoThe proposed offer is to get a 4% loan on a different house in exchange for paying off the 2.5% loan on the existing home. It's good for the bank for obvious reasons, and it's good for the borrower (potentially) because it reduces the cost of moving.