What HELOC rates are you accepting right now?
I have one investment property and currently applying for HELOCs ($446k estimated value and $348k remaining on mortgage). I got approved for one at 75K and 10.8% which I declined, and a second at 50k and 8.49% which I am considering. I'm pending offers for other company's HELOCs, but I was hoping for something sub 8%.
I haven't taken out a HELOC before and was curious to see what terms other folks are accepting in recent months, or what a reasonable expectation for a decent rate currently is. Thanks.