Real Estate

Looking for the current best HELOC rate?

  • Last Updated:
  • Oct 21st, 2020 11:20 am
[OP]
Newbie
Oct 18, 2020
4 posts

Looking for the current best HELOC rate?

Hello,
I am looking into getting a HELOC for an investment property and looking for recommendations on the best HELOC rates out there.
Based on your experience is HELOC the best route to go or go with a 5 yr. variable rate of 1.80% (lowest I could find) ?
2 replies
Jr. Member
User avatar
Jun 3, 2019
172 posts
137 upvotes
GTA
poiuytrewq9 wrote: Hello,
I am looking into getting a HELOC for an investment property and looking for recommendations on the best HELOC rates out there.
Based on your experience is HELOC the best route to go or go with a 5 yr. variable rate of 1.80% (lowest I could find) ?
The lowest HELOC rate would always be higher than the lowest 5yr variable mortgage, but offers flexibility like interest only payments and access to funds anytime.
Realtor® & Mortgage Agent
Deal Addict
User avatar
Sep 19, 2013
2355 posts
806 upvotes
Winnipeg
Check Tangerine and Motusbank. I found P minus rates there few months back.
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