[Ima saver]

I forgot to mention that I have owned my home free and clear for years. My fico score is 817. I will pay this heloc off when I sell the spec, which I hope will be the end of this year. My house is worth at least a half million and I would only borrow $80,000 or less for the lot. (that seems like a lot for 1 acre) So you are saying I should be able to get this loan in the 7% range?
I figured closing costs on a heloc would be a lot less than a regular mortgage on the property.
Thank you for your help.
I am a little scared against borrowing against my house, but I don't know how much cash I will need to finish up this big spec house.
Any other suggestions would be helpful!