Updated about 4 years ago on . Most recent reply
Are these HELOC terms good or bad
Hello I'm shopping for a Heloc. Today I spoke with someone from a company called Lower. I wanted to see what you guys thought of their terms.
95% Equity on my primary
10 Yr Draw period
20 Yr Repayment period
Rate based off of wall street prime
close is 4-6 weeks
$8k (Estimated on the high end) closing costs tacked onto the back end of mortgage.
Take over the 1st lien position