View Single Post
  #1  
Old 05-27-2007, 12:55 PM
Matt Flynn Matt Flynn is offline
Senior Member
 
Join Date: Oct 2002
Location: Badugi, USA
Posts: 3,285
Default Lending rate question

I am buying a house 70/25/5 with a 25% HELOC that is >100K. Credit is excellent, income easily supports the purchase, full doc, first is a 15-year fixed. They offered 7.25% fixed "5-year" or prime minus one-half on the HELOC. Is that a decent rate? If so, which one is better?

Thanks.
Reply With Quote