Real Estate

Renting current house and buying new

  • Last Updated:
  • Apr 3rd, 2018 4:25 pm
Banned
Feb 23, 2009
1670 posts
1496 upvotes
Oshawa
GalvToronto wrote: Really? Is your heloc 2.21% now?
You said "very high compared to normal mortgages".
2.21% is not really a "normal" mortgage rate.
Variable rates about 2.2%
Fixed rates about 3.5%.
My HELOC rate of 3.5% is not "very high" at all compared to that.
Lots of Fake News here...weren't you the one that said we are in a recession?
Deal Addict
Mar 20, 2017
1370 posts
1165 upvotes
pkrash wrote: You said "very high compared to normal mortgages".
2.21% is not really a "normal" mortgage rate.
Variable rates about 2.2%
Fixed rates about 3.5%.
My HELOC rate of 3.5% is not "very high" at all compared to that.
Lots of Fake News here...weren't you the one that said we are in a recession?
Fixed rate is not 3.5% now, best one is 2.95%, most fixed rate owners still under 2.5% from previous term.
HELOC is not fixed, its variable, so we should compare it with 2.2% variable and your HELOC is roughly 1.5x times more expensive, which is for sure reaosnable to say "much higher".
I doubt that your rate is 3.5%, since best posted rates are now 3.9% for HELOCs, which is roughly 2x times higher than 2.2% variable.

But keep trying to be a low-quality guy, trying to attack opponents on each message, it is exactly what defines your personality:)
Banned
Feb 23, 2009
1670 posts
1496 upvotes
Oshawa
GalvToronto wrote: Fixed rate is not 3.5% now, best one is 2.95%, most fixed rate owners still under 2.5% from previous term.
HELOC is not fixed, its variable, so we should compare it with 2.2% variable and your HELOC is roughly 1.5x times more expensive, which is for sure reaosnable to say "much higher".
I doubt that your rate is 3.5%, since best posted rates are now 3.9% for HELOCs, which is roughly 2x times higher than 2.2% variable.

But keep trying to be a low-quality guy, trying to attack opponents on each message, it is exactly what defines your personality:)
Too much fake news in this post to list.
I'm not attacking, just defending.
Good to see you insulting me now.
Keep it up!

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