What are the best HELOC lenders?

[Eric Huang]

Hello Community, I've been calling around to find "best" HELOC lenders, some local credit unions (BECU, Sound credit union, First Tech union) and some national ones (Third Federal). Sound credit union is by far the best local lender in terms of rate and terms. Third Federal offers unbeatable rates but no interest-only option. So I want to reach out to the community to check out other potential lenders.

Another question, I'm the process of refinancing my primary residence which I will use to get HELOC. Can I apply for a HELOC at the same time or get a pre-approval? My broker told me I cannot and should wait until the refi is done. But want to double check. Many thanks always.

Eric