REFINANCE OUT OF YOUR HELOC !

Many of us have HELOC's and are not use to the negative impact of having one; when rates are rising as they have been for the last year. 
Prime is now at 4.5%, a rate higher than most 1st mortgages, coupled with margins of 1% to 2%, putting most HELOC's at 5.5% to 6.5%. 
You may want to rid yourself of having a HELOC:
 

• Prime will go up with the Fed Fund increases!  Just look at the history of prime when rates started climbing!  http://www.forecast-chart.com/interest-prime-interest.html.

• HELOC's as of January 1, 2018 are no longer tax deductible (check with your CPA or EA for more details on this)

 
How do your rid yourself of this risk?  If you have equity in your property, you can consolidate your loans into a fixed rate and while doing it, even pay off unwanted debt in addition to consolidating of your 1st and 2nd/HELOC. 

Call us now and talk to a live person who can answer any questions.