Updated almost 7 years ago on . Most recent reply
HELOC Rate & Amount Advice
Need some advice. Getting ready to close on a HELOC and I have a couple of options available....
$70,000
6.5% (Prime + 1)
$64,400
5.5% (Prime)
These options are based on 80% & 90% LTV.
Would you go for more available funds with a higher rate?
Or
Lower available funds with a lower rate?
With a difference of $5,600 I feel the lower rate is more ideal...Give me your thoughts BP!