Helock

[karna11]

Evarina ee lock tesukunnaraa home equity medha, tesukuntee pros and cons cheppandivayy

[bulreddy]

+1

[Hitman]

I have HELOC open (approved). but never used it.

what is the purpose you looking for? 

[Hitman]

PROS - Accessible to big amounts whenever you want. Interest rate is less compare to credit cards.

CONS - Variable rate. 

[karna11]

11 minutes ago, Hitman said:

PROS - Accessible to big amounts whenever you want. Interest rate is less compare to credit cards.

CONS - Variable rate. 

Variable rate 5 years not every year gaaa

[karna11]

14 minutes ago, Hitman said:

I have HELOC open (approved). but never used it.

what is the purpose you looking for? 

Just hold the bulk amount. Recession lo use avuthyemo ani for investments or etc

[Hitman]

6 minutes ago, karna11 said:

Just hold the bulk amount. Recession lo use avuthyemo ani for investments or etc

Good decision. use this funds when there is blood flooding on the street. Boyapati sreenu movie type lo undaali.. appudu ee funds use cheyyi investment ki.

8 minutes ago, karna11 said:

Variable rate 5 years not every year gaaa

I'm not sure about this. I have BOA account. first 6 months discounted after that it is all market rate + BOA mark up. 

[BejawadaChow]

33 minutes ago, Hitman said:

I have HELOC open (approved). but never used it.

what is the purpose you looking for? 

from where did you get HELOC APproved bayya.

any idea, where would we get less apr.

[Hitman]

5 minutes ago, BejawadaChow said:

from where did you get HELOC APproved bayya.

any idea, where would we get less apr.

BOA - None others are offering this. 

[Thokkalee]

1 hour ago, karna11 said:

Evarina ee lock tesukunnaraa home equity medha, tesukuntee pros and cons cheppandivayy

Nearly 10% untaadi interest rate… not worth it unless you are getting way more than that from the investment 

[karna11]

3 minutes ago, Thokkalee said:

Nearly 10% untaadi interest rate… not worth it unless you are getting way more than that from the investment 

6.7% now

[karna11]

20 minutes ago, Hitman said:

Good decision. use this funds when there is blood flooding on the street. Boyapati sreenu movie type lo undaali.. appudu ee funds use cheyyi investment ki.

I'm not sure about this. I have BOA account. first 6 months discounted after that it is all market rate + BOA mark up. 

Bro, vadanantha varuki no need to pay anything kada just like yearly maintenance fee $60 antunnadu

[Hitman]

1 minute ago, karna11 said:

6.7% now

what is the FED rate today? 6.7 is very good.

it should be FED rate + Bank markup (profit). markup is anywhere between 2.5 to 3%. i don't think 6.7 is correct. unless you are referring to a Promotional rate for certain period. 

[Hitman]

1 minute ago, karna11 said:

Bro, vadanantha varuki no need to pay anything kada just like yearly maintenance fee $60 antunnadu

For BOA - There is no Yearly maintenance. But if you dont use it for 1st 3 years, we need to pay $450 service charge for initial paper work. The account will be open for 10 years. 

Which bank you got offer? 

[karna11]

1 minute ago, Hitman said:

For BOA - There is no Yearly maintenance. But if you dont use it for 1st 3 years, we need to pay $450 service charge for initial paper work. The account will be open for 10 years. 

Which bank you got offer? 

Highpoint community bank, it local bank