Hello,

I have mortgage for the amount of 175,000 (5/30 years ARM with 4.75
APR, in its second year) on the primary home which worth more than
260,000

Since I need to have access to some cash for rainy days, I do have to
option to go with:

1-	Get HELOC for the amount of 63K at 6% (it would cost 400.0 for
county tax, and it per approved)

Or
2-	Refinance for more $ amount but with the new loan type which is
called MTA loan (it is index loan at 1.25%, 4.5 APR) the closing cost
of about 2800.

I do not know much about MTA (I think stand for Maturity Treasury
Account but not sure) and would like to get some detail on this type
of loan. Like to know which option is good. Is there any other option
better than these two?


Thanks