How their HELOC speed impacts your current financing costs
- APR: Creating at the 8.50% changeable. Repaired rates from six.99% readily available for the original 12 months if you meet the requirements, otherwise 9.63% if you convert a portion of your HELOC harmony to help you an excellent loan.
- Loan amount: To 75% of household collateral; maximum from $1 million
- Lowest credit score: 720
- Repayment label: two decades
- Fees: Closing fees of $five hundred so you can $15,000; third-group closure costs away from $five hundred so you’re able to $60,000. Bethpage will pay closing costs to your first $500,000 if you keep HELOC discover getting at the very least three years; if not, you need to pay it off. (more…)
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How their HELOC speed impacts your current financing costs