100% LTV HELOC Advice

[Jason May]

I am shopping for a HELOC. I have found 2 lenders that will give up to 100% LTV. Every other lender is 80-90%. Has anybody been able to get one of these? Is there any more risk with 100% vs 80-90%?

[Ned Carey]

@Jason May the main risk is it is not a legitimate offer. This makes no sense for  lender to take that risk. Be vary wary of sending any money up front other than for an appraisal. I would check to make sure they are a legitimate lender.

The other risk is simply one of leverage. If you are leveraged 100% then what happens if something goes wrong. You have no safety net.

If this is a legitimate offer you are likely paying higher rates and [perhaps other less advantageous terms.