Refinance or HELOC?
I'm sure this may have been discussed before but I am in need of about $25000 and have qualified for a HELOC. With today's lower mortgage rates, would it be better to take a hit and refinance early (2 1/2 years left on 5 yr term) or just take the HELOC @ prime + 0.50? Currently my mortgage rate is 3.04% fixed.