The Alden family (fictional) · as of Jul 17, 2026 · market close
0 demo actions this session
HELOC: pay down $120k before the Sep 1 reset?
Owner Marta Alden · Approval Marta Alden · Due Aug 22, 2026
WHAT THIS IS
Cash holds $520k. Paying the line off costs nothing in flexibility (it stays open) and saves the 7.6% carry.
WHAT CHANGED TO OPEN IT
HELOC rate resets Sep 1 - 7.1% → 7.6%
+0.5% APROn the $120k drawn balance that is roughly $600/yr more interest. Paydown from cash is an open decision.
FILED JUL 14
THE EVIDENCE
The source documents this item rests on. Open any of them - the drawer shows the filed excerpt.
HELOC rate-reset notice
CURRENT · 3dFirst Meridian Bank
Drawn balance $120,000 of a $400,000 line.
VERIFIEDConsolidated statements - June 2026
CURRENT · 17dNorthgate Securities · First Meridian Bank (fictional)
Taxable brokerage (trust) closing value: $2,310,000 (+$46,000 vs May).
VERIFIED
CONTEXT FROM THE RECORD
What the weekly briefing already says about this item - same sentences, same citations.
HELOC paydown (LA-5): cash holds $520k; clearing the $120k line before the reset saves the 7.6% carry and keeps the line open.
VERIFIED
HISTORY
- JUL 14, 2026
Paul Alden - Reset notice filed; decision opened with the cash context attached.