Where can I find the best HELOC rates to refinance my second mortgage?

In: Mortgage Rate

25 Apr 2010

My current rate is near 10%, and I’d like to find a HELOC rate of prime minus 1%, no fees, and accepting a LTV of 90%



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2 Responses to Where can I find the best HELOC rates to refinance my second mortgage?

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BamaCraze

April 25th, 2010 at 6:13 pm

bankrate.com

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h

April 25th, 2010 at 6:25 pm

I agree, http://www.bankrate.com has rates from many different lenders, and links to specific places to obtain loans, like lowermybills.com. the HELOC rates are around 7%, but I’m not sure if they will allow an LTV of 90%.

http://www.bankrate.com/brm/rate/brm_loansearch.asp

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Derrick C

April 25th, 2010 at 6:43 pm

Ya know, they all offer pretty competetive rates. However you do need to look at some of the fine print on the HELOCs. What are you planning on doing with it? How many transactions per month? etc… I teach people how to use a HELOC to pay off their homes faster.

Out of all of the banks that I have worked with, I find that CHASE, WELLS FARGO, and US BANK offer great rates and very low hassle.

So like I say, what you are going to do with it, should play a factor in selecting the propor HELOC.

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