Any banks have HELOC rate < 5% for rental properties?

Here are my research results:

TD bank 5% + closing costs.
Wells Fargo 5.11% + mortage tax and title legal fees.

Cash out Re-finance:

Most banks and brokers require closing fees about $4000. Rate: 4.875% 30 yr - +. For closing cost of $1300, Rate: 5.25%.

Wonder if anyone found better rate for rental properties HELOC?

And any analysis which one is better, HELOC or cash out re-fi?

Thanks a lot.

所有跟帖： 

• I meant LESS THAN 5% -CirrusCloud- ♀ (0 bytes) () 08/21/2010 postreply 08:28:19

• 回复：Any banks have HELOC rate < 5% for rental properties? -jjj7- ♂ (90 bytes) () 08/21/2010 postreply 09:50:55

• Yes, you can. Please see my research result in orig post. -CirrusCloud- ♀ (0 bytes) () 08/21/2010 postreply 10:55:43