All Forum Posts by: David A Lisowski

@A.J. D'Asaro - sorry for the n00b question, but how do you typically transfer funds into SDFCU to pay off your HELOC? The current restriction is $2000 per day when transferring from my other checking account. Seems a bit inefficient if I've drawn $20k+

Is the only way to wire funds into SDFCU? I'm trying to avoid paying the fee from my other financial institution.

I lost my first post...

Okay, so I would also like to know about the $2,000 limit. I think that must be specific to wiring.

My wife and I are currently in process of getting a HELOC with SDFCU. We have one now and wanted to increase the limit. The value came back but the 90% LTV didn't give us quite enough for what we need. The 95% LTV with SDFCU should.

The current HELOC gets paid via 'bill pay' from our BOA account. It is a physical check mailed to them so I don't see why SDFCU would restrict how much someone can pay down their balance at any one time. Sure there is a delay because it is mailed, but there is no fee.

And was SDFCU truly 95%? As in (Appraised Value x 95%) - 1st lien = HELOC?

One positive so far has been that we requested a rush on the appraisal, and the appraiser was here within the week. We notified SDFCU that we would like to close quick, like by the end of the month. I think we started the process in the second week of April and looking to close on the 30th. So far, it has gone smoothly.

As a matter of fact, we are approved and closing next Tuesday. So far I have been satisfied.

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David A Lisowski has started 9 posts and replied 191 times.

Post: Max LTV Heloc