1.9% HELOC really exist?

[Kenneth Hong]

Hello everyone, I recently was listening to the Clayton Morris podcast and he mentioned that he was able to get a HELOC at 1.9% for one year. I live in California and I have never seen this rate. My credit score is excellent (750+) so if anyone that lives in California finds this kind of rate, please let me know! Or does that rate only exist outside of CA? Kenneth

[Brent Coombs]

@Kenneth Hong, introductory Rates can be a blessing - or a CURSE! Mostly it depends on how DISCIPLINED you are to use it  successfully (ie. pay it off COMPLETELY in a year). My guess is that AFTER the year is over, it'll revert to a can-increase-ANYtime Rate that will prove to be NOT particularly competitive. 

My thesis suggests: they're not REALLY intending that you get to enjoy a free lunch. Good luck...