$200K HELOC Prime +1 - Good Deal?

[Joshua Jones]

I applied with Elements and they will give me $137K at Prime + 0% or $200K at Prime + 1%.

And 3.99% promo for whatever I use in the first 6 months.

1% to be able to leverage another property or two seems fine, right?

[Jamie Jones]

Both of those are great deals! I think I would personally opt for getting the highest credit limit possible. A 1% increase in rate only adds roughly $40/mo. for every $50,000 borrowed.