Is it better to refinance and pull out equity, or do a cash-out loan to do some home improvements? I have a 15-year loan with a $33,000 balance.
I have a 5.325 APR (only 7 years left on loan). My home equity is at 4% or lower.
Answers | 1
Licensed lender with over 10 years experience in Boulder, CO
December 28, 2016
Asked by roger taylor
Asked by Charles Jones
Answered by Mark Haynie
Mortgage Professional in Los Angeles, CA
Based on the 2.5% rate of your HELOC, it appears to be PRIME -.75%, which is a pr...
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