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Updated over 1 year ago,
HELOC. Variable or Fixed
Looking to get a HELOC on my personal home to invest into my first STR. I'm stuck in picking what the best payment method would be. They are trying to get me into a fixed rate at 7.25% and the variable starts at 9%. My line of thinking is that the rates HAVE to be dropping below 7.25 rather than always being stuck there. Let me know if I'm crazy or not!