Home equity loan

[jayjohnson600]

I recently got a re-fi offer at 3.875% fixed for 30years. Probably fee'd on the high side.

I also got a HELOC offer with advertised rate at 7.99%. I think that's just a flyer, and
too high.

If you are targeting a term longer than 5 years, I would opt for fixed.

Jay Johnson

[Swamp Donkey]

Those unfinished factors may lower your overall value but as long as the house is in "Livable" condition for the appraiser you should be fine.

Livable-
Running water
Sewage
no missing walls/main supports
roof
4 walls and your good

That's what I needed to hear. I'm not really concerned with the value that the appraiser establishes. The house should appraise for $65-70k pretty easily in the stage that it's in. And I can get up to 80% of the appraised value if I recall correctly. I don't need near that amount so I should be good.

What's an average home equity rate these days?

[Gtracer]

Those unfinished factors may lower your overall value but as long as the house is in "Livable" condition for the appraiser you should be fine.

Livable-
Running water
Sewage
no missing walls/main supports
roof
4 walls and your good

[Swamp Donkey]

I'm looking into getting a home equity loan real soon. I've built this house out of pocket and I own the land it sits on outright. I am now in a position where I need to move in the house very soon but I am out of money. My question is can I get a loan on my house without it being complete? By complete, I mean I need to finish the front porch and rails and a few misc things like landscaping bs. I need the loan for a aerobic septic system and to pay roughly 10k off in cc debt. So is is possible to ink up on a loan before the house is done?