Heloc Recommendations in queens ny

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  • Abel CurielBusiness Member
    Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
    1y
    Quote from @Marvin Bracamonte:

    Hello, any recommendations to certain banks to take out a heloc, what are some different ways to take out a heloc?

    There are plenty of NY lenders that can assist with this. We usually work with Nationwide.
    The main question here is whether a HELOC will make sense for you. Oftentimes, HELOCs in NY make sense if you're planning on paying off the LOC within 12-24 months. Otherwise, the fees and interest rate are not worth it.

    Of course, this is different for everyone so I'd recommend connecting with a lender.

    All the best!

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  • LaMancha Sims
    Lender · Fayetteville, GA · Member since 2019 · 242 posts · 41 votes
    1y

    Hi Marvin, Lender Here I Would Love To Connect With You.

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  • Marvin Bracamonte
    OP
    Member since 2024 · 18 posts · 6 votes
    1y

    Abel Curiel thanks

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  • Marvin Bracamonte
    OP
    Member since 2024 · 18 posts · 6 votes
    1y

    LaMancha Sims alright thanks, do they have a company name & location? Im just searching different options before I do request a heloc

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  • Joel WeiserBusiness Member
    Lender · NY · Member since 2024 · 32 posts · 11 votes
    1y

    Good morning Marvin,

    Feel free to call me anytime and I'll guide you. I'm in NY

    [email protected]917-539-7704
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  • Marvin Bracamonte
    OP
    Member since 2024 · 18 posts · 6 votes
    1y

    Joel Weiser ok thanks

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  • Mohammed Rahman
    Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
    1y

    Hey! Appreciate the info. I've actually been looking into taking out a HELOC myself. I'm in NYC, so I've been checking out options like Chase, Citibank, and even some local credit unions like Bethpage or Teachers FCU — they seem to offer better rates sometimes. Also been considering online lenders like Figure for a faster process.

    There’s a couple of different ways to go about it too — traditional HELOCs where you only pay interest on what you borrow, fixed-rate options for more stability, or even hybrids that lock in your rate after a draw period. Just trying to figure out what makes the most sense for my situation.

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  • Marvin Bracamonte
    OP
    Member since 2024 · 18 posts · 6 votes
    1y

    Mohammed Rahman thanks man..good to know the different options 

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  • Joel WeiserBusiness Member
    Lender · NY · Member since 2024 · 32 posts · 11 votes
    1y

    Mohammed, it really depends on your goal and for what you qualify. If it's on your primary residence or second home and the income can be documented with conventional methods than a local CU like Bethpage or banks like PNC , Citizens would be the most competitive. But if it's an investment property or the income can't be verified through tax returns than Figure (which is not lending in NY btw) or myeqnow.com can make sense

    [email protected]917-539-7704
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