TD Bank - 2.34% mortgage renewal for 2yrs or 2.05% variable HELOC
I'm in my 2nd yr of Property Tax Deferment, which means, if I change bank for mortgage I have to pay all my property tax first.
i can't afford to pay my 2yrs property tax at this time and i plan to just keep deferring my property tax till I sell the house much later on
which means i'm pretty much stuck with td for mortgage (~$140K left)
my question/help/advise: (maybe i left the bank without asking enough question)
will td allow me to swtch my current 2yr mortgage (which will end on Aug 1, 2017) to HELOC even with my property tax deferment
i'm not familiar with HELOC - TD said they will pay for all the fees if i transfer (lawyer, appraisal ...) - is there yearly fee with HELOC
what is ur prediction with this 2.05% - will this go up pretty soon
can i pay the same amount each month
i know with property tax deferment, i'll be stuck with td, just seeing if this will be better than renewing my mortgage for 2yrs (2.34%) or 3yrs (2.36%)
HELOC expert needed - thanks