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
Private Lending & Conventional Mortgage Advice
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 8 months ago on . Most recent reply

User Stats

48
Posts
38
Votes
John Salcedo
38
Votes |
48
Posts

Line of equity backed by Whole Life policy

John Salcedo
Posted

Any recommendations for institutions that can extend a line of credit backed by a whole life policy?  

Thanks 

Most Popular Reply

User Stats

815
Posts
790
Votes
Thomas Rutkowski
#5 Personal Finance Contributor
  • Financial Advisor
  • Boynton Beach, FL
790
Votes |
815
Posts
Thomas Rutkowski
#5 Personal Finance Contributor
  • Financial Advisor
  • Boynton Beach, FL
Replied

@John Salcedo

Interest rates on a Cash Value line of credit are pretty high right now. Most of my clients are choosing to use a policy Loan instead (from the company). Policy Loan rates are pretty low right now... but it depends on the company too.

You can try Integrity Bank and Trust in Colorado Springs. Ask for Toby.

  • Thomas Rutkowski
  • Loading replies...