u/Fishless1

Loan Amount: $70,000
Current mortgage rate: 2.65%
Owe: $298k
Various appraisals: $500-$550k

Estimated Rate: 8.75% variable (Prime + margin). Includes a 0.25% discount for ACH payments from an account I have to set up with them with auto payment.

Must draw $25.000 at closing to qualify for rate.

20-year. 10-year interest-only draw period. 10-year repayment. 3-year draw period.

No prepayment penalty.

Covers closing costs unless closed within 36 months.

Option to lock balances into fixed-rate terms later (5, 10, or 20 years).

Planned use:
Windows, hvac, add insulation to attic, deck, kitchen remodel if there’s money left over.

A few questions:
Does this seem like a decent HELOC in today’s market?

Any red flags I should watch for before signing?

Can any lenders in MD quote a HELOC for some home improvements?

Experian score - 674

AVM appraisal - Received several ranging from $500,000 to $556,800

Current balance - $298,192.68

Loan amount $70,000

The GravaStar is cool and has a volume lever but the alien vibe is throwing me off. The Holy80 is more subdued and unique looking which I like. The catch is I want a volume knob. Is there anything out there like this?

I've had this couch for 6 years and it's been great but recently one of the sections has developed a squeak when sitting on it. Does anyone know if this can be fixed? I've taken a look underneath and it's covered with fabric.

Prefer metal over plastic and wireless.