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6.99% on a fixed 2nd - that's a pretty good rate actually. Don't look too hard, and pay attention to how much you're paying in up front points - all this said without knowing the actual scenario so buyer beware.
If you have a Key Bank in your area, or Chase bank, or even US Bank are decent sources for HELOCS.
Now, one thing - HELOC's are typically month to month adjustable rates with no real interest adjustment caps - they can get nasty pretty quick. If you intend on carrying a balance you're in fact better off on a fixed note. I wouldn't reccomend a HELOC right now unless you need the flexibility of drawing money as you go.
rjp
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