So I'm 35. I have about $80,000 in the bank. My credit score is 842. I own a house, and I have about $51,000 left to pay off on it. My bank told me that because of my financial status and my money in the bank with them as well, they offered me a credit line of $75,000 with a 1.9% interest rate. I would also have to pay $50 a year for the credit line. My mortgage interest rate is 3.5%. I was just wondering - should I take $51k out of the line of credit, pay off my mortgage, and pay the credit line off month-by-month, as opposed to my mortgage? Thanks!
Submitted February 10, 2020 at 11:34PM by mortgagequestion22 https://ift.tt/2UFNSIz
