Borrower pays upfront fees such as appraisal, title insurance, escrow, recording, plus $450 loan fee.
I was told on Saturady that the total fee is approx. $2000-2500.
Max 60% of property value. Interest rate is prime plus 0.5%.
Wells Fargo closed their door for investment properties HELOC on April 30.
I have one application with them. My other properties miss the deadline.
Wells Fargo interest rate is prime plus 1.25% (that is 4.5%).
PNC's 2.5% HELOC interest rate is the best for primary residence. PNC does not offer investment HELOC.
Both Wells and PNC pay the upfront transaction cost.
