I have a home equity line of credit at 9%; I see them advertised at 7.5%. Any ideas on how I might find a better rate without closing costs besides just calling around?
Try Citimortgage, I wouldn't do the line of credit, I would do the home equity LOAN, because the line of credit adjusts with prime. Do the loan and it will be fixed. It also depends on your home's worth and how much you need and your credit score. There are a lot of factors. Call a mortgage BROKER because they can shop around for you and get you the best rate. Also the closing costs are typically covered with Citimortgage.
Source(s):
Mortgage consultant in Georgia and work for a broker.
You can ask around for references, you can go online and look, as well as call around. Shopping around right now might be easier than you think-
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