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re: SBLOC for new home

Posted on 12/31/23 at 9:42 am to
Posted by Negatiger1986
Inside the Leather
Member since Sep 2010
438 posts
Posted on 12/31/23 at 9:42 am to
I shopped for one of these this year. I think it’s possible you’re misreading the interest rates - that is likely SOFR plus 2-3% which puts you in the 7.5% range. We ultimately opted to pay cash for the home improvement project we are now working on.
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