Where to get the best rates on a Heloc

[Michael Elkins]

Where can I get the lowest rates for a HELOC?

[Dennis Muno]

Well I will say no particular lender will have a particular rate. Interest rates( and the type of finance you get) are based on risk-i.e your FICO, debt to income, number of late payments in 12-24 months etc. This changed by law by congress after the previous financial crash in the 2007,2008 time period.

That being said, the best way to find the best HELOC rates would be to go shop with multiple banks and let them present you with an offer.

Or better yet, call a mortgage broker and let them shop multiple banks/lenders and present you with the best HELOC options out of the many they can contact. Mortgage brokers are usually partnered up with 50+ banks/lenders, and are able to go around, shop with multiple lenders and present you with HELOC options.

I would recommend you start there.