We’re considering relocating to Florida to a newly built house, and are now looking into financing. We’re thinking of pulling about 200k from our portfolio then get a HELOC to pay off the balance for the newly built house, then sell our current home and pay off the HELOC.
Are there any good preferred HELOC lenders that you have experience with?
I was under the impression that the fees for the HELOC are quite low. I contacted my local credit union that I use for my regular banking they said the fees would be around $800 - $1000 range. Since they are the only ones I contacted I’m not sure if that’s good or not. I estimate we have about 200-225k equity. We’re trying to figure out the best way to finance, to avoid interest and fees.
Thanks
Are there any good preferred HELOC lenders that you have experience with?
I was under the impression that the fees for the HELOC are quite low. I contacted my local credit union that I use for my regular banking they said the fees would be around $800 - $1000 range. Since they are the only ones I contacted I’m not sure if that’s good or not. I estimate we have about 200-225k equity. We’re trying to figure out the best way to finance, to avoid interest and fees.
Thanks