It depends on the bank and how much you borrow. Plus it depends of course on the LTV. If you have 70% LTV in your house and you borrow 20% more on a line of credit. You will get a better rate than if you have 90% and borrow the last 10%. Also the more you borrow the better the rate usually. You will get a better rate for say 30k and above than for less than that amount. Better rates for bigger numbers.
Hey,
It depends on the bank and how much you borrow. Plus it depends of course on the LTV. If you have 70% LTV in your house and you borrow 20% more on a line of credit. You will get a better rate than if you have 90% and borrow the last 10%. Also the more you borrow the better the rate usually. You will get a better rate for say 30k and above than for less than that amount. Better rates for bigger numbers.
Dave[ Edited by dgtop on Date 09/09/2003 ]