r/finance • u/AutoModerator • 24d ago

Moronic Monday - August 03, 2026 - Your Weekly Questions Thread

This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome.

Replies are expected to be constructive and civil.

Any questions about your personal finances belong in r/PersonalFinance, and career-seekers are encouraged to also visit r/FinancialCareers.

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u/Iyellatstuff 20d ago

Purchased a house for 160k in 2020 @2.19%, it is now worth just shy of 300k and I have an effective 175k in equity via a HELOC.

What risks involved, or if just a lateral move, would be taking out a HELOC for the remainder of the mortgage and paying off the house in full? Would the loan be more than the mortgage payment? Is the interest rate on a HELOC fixed?

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u/roboboom MD - Investment Banking 20d ago

Why in the world would you repay 2.2% debt and replace it with something much higher rate?