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Updated over 8 years ago on . Most recent reply
Jason HsunPoster
#2 Tenant Screening Contributor
Pro Member
#2 Tenant Screening Contributor
- Rental Property Investor
- Chicago | Pittsburgh | 30A
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HELOC recommendations
Jason HsunPoster
#2 Tenant Screening Contributor
Pro Member
#2 Tenant Screening Contributor
- Rental Property Investor
- Chicago | Pittsburgh | 30A
Hi BP: Can anyone recommend a good bank with a low rate for a HELOC that does not have a mandatory withdrawal at closing? I've been looking at a few banks, both national and local, and many of them require you to draw a minimum at closing. My property is in Chicago, but not sure that really matters, but would appreciate recommendations on banks that anyone has had a good experience with.
Most Popular Reply
@Jason Hsun My HELOC was/is with PNC...don't recall them making us take a draw, but if we did I know we paid it back immediately. Even so, what's the issue with taking the minimum draw and just paying it right back?