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Updated almost 5 years ago,
HELOC PRIME -1 or PRIME +1
Hello BP friends!
I'm looking into securing a HELOC to purchase a couple of rentals.
My question is regarding rates:
I called a few local credit unions and banks and the range they were offering Prime -1 with 75% LTV or Prime +1 with 85% LTV?
Any insight would be greatly appreciated.
Thank you!