Updated about 7 years ago on . Most recent reply

Recommendations for HELOC Originators
Hello Everyone,
Do you have any recommendations for a HELOC originator? I want to capture the equity in my primary home(condo) to fund my first BRRR deal.
I'm looking into Bank of America as they don't charge annual fees, origination fees,and you you can lock a portion of the balance into a fixed rate if you want. Their rates seem pretty reasonable as well 4.74 for first year, then prime + 2.36. Are there any other considerations you take into account when originating a HELOC?
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Jay Hinrichs
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credit unions are usually pretty strong with these as well.
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