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Updated almost 8 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Daniel Boufford
  • Investor
  • Jersey City, NJ
2
Votes |
11
Posts

Good/flexible HELOC bank

Daniel Boufford
  • Investor
  • Jersey City, NJ
Posted

Hello,

I'm seeking a HELOC for my condo and was wondering if anyone had recommendations for banks. I just spoke with Bank of America and it sounds like it will be a slog, like 8 weeks to close on it. Was hoping to close faster and I also wanted to compare rates as well.

Home value - $675,000

Mortgage $385,000


Want as large a HELOC as I can get. BoA has an 80% LTV max, but would rather use another lender if they can do 85% or 90% (doubtful).


Any suggestions appreciated.


Thanks

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