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http://boards.fool.com/hi-donna-the-heloc-is-adjustable-399-for-6-21901058.aspx
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| Subject: Re: Any Advice? | Date: 1/12/2005 10:33 PM | |
| Author: rookieJoe | Number: 44010 of 72252 | |
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Hi Donna, The HELOC is adjustable (3.99 for 6 months, then prime + 1). I'm not so concerned about that because there is no outstanding balance. We'd only consider it an emergency, and then we could decide between this or a couple other options. By margin, I assume you mean what % of the home value? Its 90% of tax appraised value. But tax value is laughable (around a third of market value). I think its WSJ prime. -Joe |
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