Are 10% Down loans still a good idea?

[Steve Arnold]

Collective,

I bought my first STR with a 10% down second home loan. Used a heloc on my primary residence to do it. Now I've got that heloc paid back down to zero, so I have reset my down payment engine. BUT... interest rates, amiright?

If I use my heloc again, I'd be paying 8.75% interest before I could even make headway on the principal.

But there are other factors in play as well, right? I've heard that if I use a 10% down loan, that my terms would not be as good (rate, points).

I know it's not 2020 anymore, but is 10% down still a workable strategy?

Thanks,

Steve