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Updated about 7 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Fort Mill, SC
  • Member since Dec 26, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Fort Mill, SC
  • Member since Dec 26, 2017
Connect
Account Closed
  • Fort Mill, SC
0
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22
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Starting Out

What is a good rate on a HELOC for under 100k?

Account Closed
  • Fort Mill, SC
Posted

I'm acquiring about drawing a HELOC on my primary. 80 LTV would have me at about 50k after what's left from my first mortgage. I've just spoken to BofA who has a 7% rate, about 2.5 points above prime. Does that seem high for a 50k HELOC?

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