Home equity loan 3.25% - locked for 36 months

I talked to a REP in Wells Fargo.  And he claims that HELOC rate is 3.25% if you take out 25K. It does not matter weather it is owner-occupied or investment property.  No point, no fee, No prepayment penalty. 

Would like to share the news with you.  Please confirm if you want to do it.

It seems too good to be true though.....

所有跟帖： 

• loan or line?可不可以这样理解：10万分4次拿出？那挺爽的啊。。。。 -MrsKwok- ♀ (0 bytes) () 03/22/2013 postreply 15:14:34

• 回复：Home equity loan 3.25% - locked for 36 months -NJ-FL- ♂ (235 bytes) () 03/22/2013 postreply 16:43:20

• 富国做investment property HELOC。。。 -MrsKwok- ♀ (0 bytes) () 03/22/2013 postreply 17:31:23

• 体第也有搞投资房的呀！不过利率5点几。。。 -MrsKwok- ♀ (0 bytes) () 03/22/2013 postreply 17:32:55

• Question: HELOC and Equity loan are different. Which one you are -NJ-FL- ♂ (0 bytes) () 03/22/2013 postreply 16:46:00