Jebus, you guys are spooking the hell out of me. Wife and I just applied for a mortgage. $506k on the primary @ 5% + HELOC, variable, no year to year limit on % increases, $350k. We're bringing almost 30% to the deal, and they still won't go over $506k on the primary. It would take us 5-6 years to pay off the HELOC.
It would take a hell of a lot longer if interest rates were at 14%
