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Updated about 2 hours ago on . Most recent reply

User Stats

50
Posts
18
Votes
Tyler Kesling
  • New to Real Estate
  • Ashland, KY
18
Votes |
50
Posts

Better.com Reviews - Refi Options

Tyler Kesling
  • New to Real Estate
  • Ashland, KY
Posted

I need to refi my HELOC on my first investment property. I used my local credit union and even though it advertises the benefits of interest only during the drawl period, apparently the require interest and principle during the drawl so my payment is about double what I was expecting. I didn't find this out until closing so that's on me. Anyways, I used GROK Deep Search to look at my situation and find me a lender for refi of the investment and it recommended Better.com. Does anyone have any experience with the company? Other suggestions to get this knocked out pretty quick? My first payment is only for the closing on the HELOC so I've got a little time to get this worked out before going in the red.

Most Popular Reply

User Stats

549
Posts
228
Votes
Brandon Croucier
  • Lender
  • Newport Beach, CA
228
Votes |
549
Posts
Brandon Croucier
  • Lender
  • Newport Beach, CA
Replied

How much is the HELOC?
What is the current value of the property?
What is the remaining 1st position debt?

There are a lot of HELOC's on the market and going direct with a large lender may not be your best bet.

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