Oct 2020 Refi with home equity loan of credit

Oct 2020 Refi with home equity loan of credit

Member since 2020 · 1 post · 0 votes

Looking for recommendations on some good banks to try for a refi with a home equity loan. I called Bank of America, Wellsfargo, Chase, and Ally. They all said they have suspended refi with home equity loans. I live in the North Alabama area.

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  • Investor · San Antonio, TX · Member since 2016 · 42 posts · 25 votes
    6y

    Are you trying to refi on a house that you are living in or on a rental property (non-owner occupied)?  

  • Rental Property Investor · Dallas, TX · Member since 2020 · 155 posts · 44 votes
    5y

    I am not really educated on this very much, but I'd call around to smaller community banks, local credit unions, and even reach out to private money lenders, as they have really good rates right now. Hope this helps.

    Nick

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