Quote:
Originally Posted by albertGQ
Prime is at 3% so the rate is actually at 2.50%.
I'd rather keep this then go to the 2.99% five year term
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I'm pretty sure he said his HELOC was prime? Oh well, so it's 0.50% savings.
It's not a matter of right and wrong, it's a matter of risk tolerance. That's my overall point. If you can afford the risk, then take it. But be honest with yourself.