In HELOC financing for investment properties, faster funding (such as 24-hour completion) does not necessarily correlate with lower interest rates; customers often associate speed with cost, but the actual interest rate is determined by market conditions and lender policies rather than processing speed.
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Fast HELOC = High Interest? The Truth Revealed š #mortgagetips #helocHinzugefĆ¼gt:
Like, if we were to tell somebody, "Yo, we have a HELOC that that is if it's an investment property, we can we can get you funded in in a in a all if everything in the scenario is is clean, we get you done in 24 hours."
>> Their first question is what's the rate?
>> Of course, because of course they they they be like Hold on. No, but still speed, but what's the rate? The rate wouldn't really matter, but they're impressed about how low the rate is because they associate speed with cost.
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