One surprising thing people think is a dealbreaker to getting a home equity loan or HELOC
Marketwatch.com – January 19, 2022
This article discusses HELOCs and how to get the best rate on them.
In the article, David Schneider states that “Generally, I advise people to go to their local banks because they will be interested in those loans.”
The article also says that “borrowers may be surprised by just how much rates go up after the promotional period ends, notes Schneider, adding that a borrower could start out at a rate in the 2% range that then jumps past 4%.”