I’m Worried about the Rising Interest Rates…

Are you worried about the rising interest rates on the HELOC? or Lines of Credit in general?

Here’s why you don’t have to worry about the rising interest rates or rates going up. First and foremost, we regularly talk about how the interest rate REALLY doesn’t matter in most cases. Here’s an article that explains why it does not:

https://acceleratedbanking.zendesk.com/hc/en-us/articles/7470709476759-Does-the-interest-rate-really-not-matter-with-the-HELOC-

You can also run your numbers and scenario in your Calculator:  CLICK HERE TO DOWNLOAD

So even as the rates go up, we’ve tested multitudes of scenarios to find that it doesn’t have a big impact on the strategy.  We see real life client scenarios where 5% HELOC would beat 4% rate mortgage. Here’s a real life client example: