HELOCs vs. Mortgages
“What is the difference between a HELOC (home equity line of credit) and a variable-rate mortgage? Why would someone want a HELOC instead of a mortgage?”
HELOCS
MORTGAGES
Allow you to continuously borrow and re-borrow up to your available limit (i.e., they are “revolving”).
Can only be paid down (unless they’re re-advancible)
Have rates that are [...]
Filed under: FAQ, Tax Deductible Mortgage | Leave a Comment »
Tax deductible mortgage has been very popular recently. This product, however, has actually been around a while. Here is a brief explanation of how you can make your mortgage tax deductible – while doing the same thing and paying the same mortgage amount each month.
If you are up for renewal and you are currently paying [...]
Filed under: Tax Deductible Mortgage | Leave a Comment »
Tax deductible mortgage has been very popular recently. This product, however, has actually been around a while. Here is a brief explanation of how you can make your mortgage tax deductible – while doing the same thing and paying the same mortgage amount each month.
If you are up for renewal and you are currently paying [...]
Filed under: Tax Deductible Mortgage | Leave a Comment »
