Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

12
Posts
6
Votes
Steven Wade
  • Escondido, CA
6
Votes |
12
Posts

Recommendations for HELOC Originators

Steven Wade
  • Escondido, CA
Posted

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? 

Most Popular Reply

User Stats

44,411
Posts
65,573
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
65,573
Votes |
44,411
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

credit unions are usually pretty strong with these as well.

business profile image
JLH Capital Partners

Loading replies...