Huntington has $75k HELOCs at 3.49% variable with good FICO. I believe you get a .15% discount for autopay from a Huntington checking account. $60 annual fee, no origination fees, no early closing fee if you keep the account open for 3 years. Their fixed HELs are over 5%, I'd rather play the BT game than pay that much. https://www.huntington.com/Personal/home-equity-comparison/home-...
DPG said: I'm only seeing high rates 7%+ for that small of a loan. As others have said you would probably be better off floating 0% for a few years. He doesn't mention how much equity he has on the house. He can always take out as big of a loan (or as big of a line of credit) as necessary to get the best rate, and immediately use the extra proceeds to pay down the balance.
kriskos4 said: rufflesinc said: taxmantoo said: , I'd rather play the BT game than pay that much.
BT is not fixed rate and you have to keep moving it .
BT is a fixed rate of 0% for almost 2 years. Hopefully OP can pay off $20K in that time and if not just move the remaining balance to another 0% card. You can't deduct the BT fee (2-3%), while you can deduct the home equity interest. So how much is OP really saving?
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