HELOC vs Home Equity Loan?

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]

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]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!