HELOCs for investing

[Katharine Chartrand]

I am evaluating offers from several banks for HELOCs on my investment properties. Basically, after my houses are rehabbed and while they are on the market, it is sometimes good to be able to borrow against them with a HELOC to have the funds to get started on another renovation.

The offers I am getting are 75% LTV, 7% interest, no closing costs.

Anyone else doing better? What bank?

Is there a smarter way to do this?

>KNC<