Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
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

User Stats

8
Posts
12
Votes
Michael Elkins
12
Votes |
8
Posts

Most Popular Reply

User Stats

349
Posts
80
Votes
Dennis Muno
  • Lender
  • Denton, TX
80
Votes |
349
Posts
Dennis Muno
  • Lender
  • Denton, TX
Replied

Well I will say no particular lender will have a particular rate. Interest rates( and the type of finance you get) are based on risk-i.e your FICO, debt to income, number of late payments in 12-24 months etc. This changed by law by congress after the previous financial crash in the 2007,2008 time period.

That being said, the best way to find the best HELOC rates would be to go shop with multiple banks and let them present you with an offer.

Or better yet, call a mortgage broker and let them shop multiple banks/lenders and present you with the best HELOC options out of the many they can contact. Mortgage brokers are usually partnered up with 50+ banks/lenders, and are able to go around, shop with multiple lenders and present you with HELOC options.

I would recommend you start there.

Loading replies...