Pay Mortgage Faster with Revolving Line of Credit
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Anonymous
| I want to pay my mortgage faster, and am considering using a revolving line of credit. Is this a good idea? |
Anonymous
| Does the line of credit have a lower interest rate than your mortgage? If not then it makes no sense. |
Anonymous
| Agree with PP. More info is needed, like the rates of both. |
Anonymous
| What do you mean by revolving line? A credit card? Unless you got a teaser rate and able to pay off the balance by the end of the teaser term it is a terrible idea |