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From my perspective, it all depends on the amount you're going to borrow and for how long. I personally like the flexibility of a HELOC (via a credit union, so the rates are favorable), set it up once, and it's there when you need it. I only use the HELOC as a source for investment properties, but in my case, I always pay it back in a relatively short time frame, so in the difference in interest rates isn't worth giving up the flexibilty.
Last edited by KFC911; 06-19-2007 at 11:16 AM..
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