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No.
HELOC is going to be a variable rate note. If you qualify for a HELOC you should qualify for a 30 / fixed, also HELOC's have a time when they are due- a balloon if you may.
a fixed note is too cheap to ignore now. If you go back out to a 30 year note your payments should drop.
go back out to 30, have a lower payment when you need it and if you want to get back to where you were continue making the existing payment now against the new note.
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