Reliable Local Banks (For A HELOC)

[Melvin Montano]

I just got off the phone with Bank of America and they are offering horrible HELOC conditions. Does anyone have a bank in/near Sacramento they go to for financing? I'm seeking to get a HELOC so I can begin my real estate journey and buy my 1st rental property. Thank you in advance!

My Current Home/Equity:

-I owe approximately $139k

-House worth $390k - $415k

-I earn $57k (Special Education Teacher)

What BoA offered me:

-$135k HELOC

-8.006% fixed for 10 years

-Payments of $800 if I pull $70k