Question : How find new home equity line of credit?
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?
- asked by Lighthearted
All Answers:
Answer #1
You can ask around for references, you can goonline and look, as well as call around. Shoppingaround right now might be easier than you think-
- answered by nolimitsladies.com
Answer #2
Try Citimortgage, I wouldn't do the line ofcredit, I would do the home equity LOAN, becausethe line of credit adjusts with prime. Do the loanand it will be fixed. It also depends on yourhome's worth and how much you need and your creditscore. There are a lot of factors. Call a mortgageBROKER because they can shop around for you andget you the best rate. Also the closing costs aretypically covered with Citimortgage.
- answered by healthspot_2000
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