Do you negotiate HELOC interest rate?

[Nick Shri]

I have been researching HELOCs and I have narrowed on few sources. Some offer 95% CLTV and some 80%. Some offer 1.99% for first 6 mos, then 2.99% with a floor of 2.99%, while some offer tad higher interest rates.

My question - Do you negotiate interest rates with Banks/CUs for HELOC?

If your response is a YES - please help me how you go about asking for lower rate? What questions do I need to ask the Bank/CUs to get lower rate?

If your response is a NO - I want to understand your thinking behind that, please elaborate.

If your response is 'it depends' - please elaborate on the dependenc(y)ies.

TIA.