Posts tagged ‘mortgage penalty’

  • Open vs. Closed Mortgages: The Surprising Winner Is…

    Last Updated on December 10th, 2018

    Home-equity lines-of-credit (HELOCs) and open variable-rate mortgages are tempting to borrowers because they can be paid off with no penalty. Are they worth it? Using current interest rates, today’s post puts the numbers to the test and compares the cost of open- vs. closed-term financing solutions. As you will see, the results are both surprising and definitive.

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