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Updated over 6 years ago on . Most recent reply

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Steven Wade
  • Escondido, CA
6
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12
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Recommendations for HELOC Originators

Steven Wade
  • Escondido, CA
Posted

Hello Everyone,

Do you have any recommendations for a HELOC originator? I want to capture the equity in my primary home(condo) to fund my first BRRR deal.

  I'm looking into Bank of America as they don't charge annual fees, origination fees,and you you can lock a portion of the balance into a fixed rate if you want. Their rates seem pretty reasonable as well 4.74 for first year, then prime + 2.36. Are there any other considerations you take into account when originating a HELOC? 

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

credit unions are usually pretty strong with these as well.

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JLH Capital Partners

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