My HELOC has a rate lock feature that basically allows me to lock in up to 3 separate loans. I’m considering this option as the line of credit rate has risen from 3.25 to 5.25 in the past month and I’m worried it could go higher. The loan rate depending on the length is up to 5% right now for 20 year. I prob wouldn’t do more than 10 which is about 4%.
Thoughts or advice?
submitted by /u/noneofyourbizzness
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My HELOC has a rate lock feature that basically allows me to lock in up to 3 separate loans. I’m considering this option as the line of credit rate has risen from 3.25 to 5.25 in the past month and I’m worried it could go higher. The loan rate depending on the length is up to 5% right now for 20 year. I prob wouldn’t do more than 10 which is about 4%. Thoughts or advice? submitted by /u/noneofyourbizzness [link] [comments]
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