conversationalphrase
Recycles dryer sheets
- Joined
- Jan 8, 2017
- Messages
- 264
We're not retired yet, and was planning to get a HELOC just before to allow flexibility of cash flow through any market downturns, but a colleague pointed out to me last week that it's a good idea to always have one just in case you have an unplanned employment lapse to avoid penalized 401k withdrawals. Makes sense.
So I've been looking around and it looks like I can get 4.6% through my current mortgage company, with a 10 year draw period and a 20 year payback period. Is this a good rate for Texas?
So I've been looking around and it looks like I can get 4.6% through my current mortgage company, with a 10 year draw period and a 20 year payback period. Is this a good rate for Texas?