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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.

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