Recommendation for HELOC providers, 90% LTV

[Eli Arkush]

‪#‎HELOC‬ - looking for a good Home Equity Line Of Credit (HELOC) provider. Can anyone recommend providers or tools for comparison (rates, terms, fees, process length)? Thanks in advance! I'd like ones that can go up to 90% LTV (Loan To Value), looks like most are willing to go up to 80%. Also - does it better to go to local credit unions for HELOC, or any provider should be good?

[Adam Smith]

@Eli Arkush We got our HELOC through Summit Bank and Trust in Thornton, Colorado. We also have our rental mortgage with Brad Lyons there. He is wonderful to work with. I think they are a local bank and not in Florida though. We compared banks and credit unions and found Summit had HELOC's that I think were 90% LTV (if I remember right) on our personal home. The loan does not have a balloon, which most of the other banks did. They do review the loan but we make payment a lot larger than the minimum payment (interest only) so it should not be an issue.

We found that every bank or credit union has their own HELOC product so it helps to shop around.

Good Luck!