I’m getting a new Heloc on an investment property from BoA.

No specific plan for use, more to have in case of an opportunity.

-30 yr fully amortizing payment calculated monthly
-initial rate 3.24% 12 months, then 4.24% variable
-no fees

Notable that the bank won’t use the income from the property in question to determine income, but fortunately I don’t need that income to qualify.

Mostly to use as backup if I need cash for next 10 years before I can tap IRAs without penalty.