Early Retirement & Financial Independence Community - View Single Post

Andre1969 · 08-01-2005, 12:05 PM

I took out an HELOC back in late January/early Feb. They tend to react more quickly than regular mortgages, but mine hasn't been too bad. Started off at 5.5%, but is now around 6.25%. It's Prime + 1/4. No doubt it'll rise more, though. Still, I only borrowed $100,000, so the payment's not TOO scary, at least not yet!

I just checked my local credit union, and it looks like they're offering a 30 year fixed for 6% with no points. I haven't been keeping track lately, but that seems like it's jumped a bit, to me.

08-01-2005, 12:05 PM	#2
Andre1969 Full time employment: Posting here. Join Date: Aug 2005 Posts: 841	I took out an HELOC back in late January/early Feb. They tend to react more quickly than regular mortgages, but mine hasn't been too bad. Started off at 5.5%, but is now around 6.25%. It's Prime + 1/4. No doubt it'll rise more, though. Still, I only borrowed $100,000, so the payment's not TOO scary, at least not yet! I just checked my local credit union, and it looks like they're offering a 30 year fixed for 6% with no points. I haven't been keeping track lately, but that seems like it's jumped a bit, to me.