Author Topic: HELOC in brooklyn  (Read 1037 times)

Offline NI

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HELOC in brooklyn
« on: October 12, 2018, 12:34:26 AM »
Does any Me have any recent experience with this? Equity of $300,000 and want to use of this for some home repairs...best bank? General advice? Good rates? Etc
Thanks!!!

Offline incendia

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Re: HELOC in brooklyn
« Reply #1 on: October 12, 2018, 01:16:48 PM »
I don't know much but from what I understand HELOCs are generally variable interest rate loans and the Fed is raising rates. You should assume that the interest cost you are quoted now will actually be higher

Offline ChaimMoskowitz

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Re: HELOC in brooklyn
« Reply #2 on: October 12, 2018, 01:20:02 PM »
Just search the internet for the best rates. Make sure you factor in any fees they might charged.
I just found a new supply of forks!

Offline mercaz1

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Re: HELOC in brooklyn
« Reply #3 on: October 15, 2018, 09:34:29 AM »
don't forget to talk to a credit union as they sometimes have more favorable rates than traditional banks