Best type of loan for a shed/shop?

Yeah I have around 100k in equity. Not too familiar with how those work, I’d have to do research.

A HELOC currently 7-10% w adjustable rate that could go up and secured by your primary home sounds like a bad idea for anything short of an immediate need. A fixed rate home equity loan may be slightly better option. I'd you have enough taxable investments you could borrow against them at better rates than a HELOC.

You can probably rent a covered storage space for around the same cost of your interest payment (if you’re getting a HELOC).

Have you contacted the manufacturers or retailers? I would not count them out at all, they can often offer competitive rates. A Heloc is almost unbeatable most of the time, but the retailer may have a dang good rate and something like 12 months no interest or whatever.

I don’t know what you are looking to pay but I would also consider a good downpayment.

quote:

---

Around 50-60k. It’s more of a pavilion style rv cover for my property in grand isle

---

I was thinking it was for RV storage at your house. If it’s on Grand Isle, you could be throwing 60k away if a hurricane hits. Is the RV parked there permanently or is a pull behind/5th wheel that you typically keep at the house?