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Updated over 17 years ago on . Most recent reply

Lynn Z's profile image
Lynn Z's profile image
Lynn Z
  • Member since Jan 7, 2008
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Lynn Z's profile image
Lynn Z's profile image
Lynn Z
  • Member since Jan 7, 2008
Connect
Lynn Z
23
Votes |
689
Posts
Mortgage Brokers & Lenders

HELOC Rates

Lynn Z
Posted

Offered HELOC at closing of mortgage. Prime (8.25) plus 1.99 which is terrible. Have a great FICO in the top 700's. Why does a major bank hand out such high rates when I see better rates at prime or prime - everywhere?
Now I'm worried since I probably won't use this HELOC that it will lower my FICO simply having open credit show up in the revolving category.

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