Does the interest rate really not matter with the HELOC?

So you may have heard our team often say that the interest rate on your HELOC doesn’t really matter that much. The reason why the interest rate does not matter is because our strategy focuses on reducing the TIP (Total Interest Percentage). The TIP is the actual interest you pay in proportion to that of your principal balance.

If you need to see the math in action, click HERE to download the calculator where you can compare the results between a higher HELOC interest rate versus a lower rate. You’ll notice that it won’t have a big impact or a difference in the long run.

So WHEN Does it Matter?

While we recommend you take all instructions from your primary strategist, there are a few cases where the rates COULD affect the outcome of the strategy. Our team does a great job at anticipating these issues and we provide solutions to them immediately.

The Accelerated Banking team anticipates this so we carefully model your financials for you so that we can provide the best possible scenarios in such situations.

If you have any further questions, please feel free to contact your Support Coordinator/Strategist