Author Topic: Insurance Cash Value Line Of Credit  (Read 774 times)

Offline Alexsei

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Insurance Cash Value Line Of Credit
« on: April 29, 2019, 10:41:47 PM »
Looking for more info and loads for the best deal, I was referred to heritage bank, anyone can chime in ?
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Offline ExGingi

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Re: Insurance Cash Value Line Of Credit
« Reply #1 on: April 30, 2019, 01:19:41 AM »
Looking for more info and loads for the best deal, I was referred to heritage bank, anyone can chime in ?

I guess more and more banks are catching onto this lucrative business.

I've had clients with good experience with Investors Bank.

Also Kensington (Kensingtonfa.com) has a very streamlined program (and they claim to underwrite only the transaction, not the borrower - though since they are Jewish, I would strongly recommend checking with a competent Halachic authority regarding a Heter Iska in a fully secured loan).

If you are talking about really large lines with full financial underwriting of the borrower (and possibly moving assets), one can get cheaper terms than the off-the-shelf programs.

ETA: While some of the information is inaccurate, and Investors isn't mentioned, this has some leads.
« Last Edit: April 30, 2019, 01:24:57 AM by ExGingi »
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