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Should be Ok...+ r$ L2 I; {+ Q+ t2 n7 W+ t
) p8 i/ q/ f9 [* r! L4 bAnd no worry about the risk of the prime going up. actually, you can borrow the money from your mortgage to pay your line of credit when the prime is higher than mortgage rate.
2 h6 \+ Z* W+ b/ Y; XAnd no worry about the risk of the prime going up. actually, you can borrow the money from your mortgage to pay your line of credit when the prime is higher than mortgage rate ...
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No extra cost as far as I know....but should talk to your bank first. every bank has different policy.
one thing to remember: 2 x! S$ k; p2 F ( k: L; n5 \( T# }/ [+ L% BPrime rate is not base rate: for example, the prime is 2.5%, but most banks's base rate is 4% to 5%...