What size HELOC should I get?

[Matt McBride]

Hi. I am trying to determine if I should go with an 80%, 90%, or 100% LTV HELOC. All of these have different interest rates. As the LTV breaches each of these thresholds, the interest rate rises. Currently, this is what I am seeing...

• 3.50% for less than or equal to 80%
• 4.00% for less than or equal to 90%
• 4.75% for greater than 90%

I have two questions here.

1) What kind of rates are people currently seeing in the Midwest?
2) What size HELOC should I get knowing that these three options are available?

Thank you for the help, everybody.