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.
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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 ]