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re: Loan for a lot next to my house
Posted on 4/26/17 at 5:11 am to SelaTiger
Posted on 4/26/17 at 5:11 am to SelaTiger
Heloc if you have equity in house. Will cost you 1k give or take and needs to be paid off in ten years or when you sell property. You only pay on what you use. The rate is usually prime +.25-.50. Keep it open for full term, that way if you need to make another move you can use again without paying for another loan.
1
Posted on 4/26/17 at 10:37 am to ItNeverRains
How fast are you looking to pay off the $15k loan? As said a Heloc will probably be your cheapest, it should just cost you the price of an appraisal.
Refinancing will cost you $2500 or more so for a $15,000 loan that's not going to make much sense.
Refinancing will cost you $2500 or more so for a $15,000 loan that's not going to make much sense.
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