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Best finncial institution for home equity line of credit rate?



Best finncial institution for home equity line of credit rate?

The one that will give you one at the terms that are the most favorable for you at the time you borrow the money.

There are a lot of lenders out there. They all constantly change the rules - mostly to suit them, not the borrower.

So, know what it is you need in a HELOC, and ask for it - if they don't have it - it either doesn't exist, OR that place doesn't do it.

For example: Loan with no early prepayment penalties, no set up fees, no yearly fees, competitive rates, fast closing, and courteous knowledgeable employees, and is convenient.

When I looked for a HELOC - it needed to be one of the cheapest, and also hassle free. A lot of banks will compete - just tell them you are considering other institutions.

I've had one of these - so I know these things (above)exist.

I have a link to the mortgage professor on my website - you may want to take a look. There is also a link to bankrate - which shows a number of institutions - but not all. Try local, then consider ELOAN.

Good Luck!
www.simplemoneyadvice.com
www.simplemoneyadvice.net
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