Choosing between a 15-year and a 30-year mortgage depends on individual financial situations, goals, and preferences. It’s essential to weigh the differences and consider consulting with a financial advisor or mortgage specialist to make an informed decision based on your circumstances.
Before making any changes, it's important to evaluate your financial situation and consider consulting with a mortgage professional to understand the implications of any adjustments you plan to make.
By taking these proactive steps, you can better manage the impact of a HELOC freeze or reduction and work towards a more stable financial situation.