Big bank HELOCs
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Big bank HELOCs (by J [FL]) Jan 8, 2018 12:30 PM
       Big bank HELOCs (by MJ [OH]) Jan 8, 2018 2:58 PM
       Big bank HELOCs (by J [FL]) Jan 10, 2018 9:59 AM
       Big bank HELOCs (by Ray-N-Pa [PA]) Jan 10, 2018 5:05 PM
       Big bank HELOCs (by Ray-N-Pa [PA]) Jan 10, 2018 5:12 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Big bank HELOCs (by J [FL]) Posted on: Jan 8, 2018 12:30 PM
Message:

I've never had a HELOC and am thinking of applying for one.

I know I have to check out the rates and the terms on my own but I was wondering if anyone had general impression of getting one through Chase or BOFA. Does it make any difference if you use a larger or smaller institution for this?

TrustCo bank is also sending me mailings about them but that bank has horrid reviews online. Thanks.

--72.188.xxx.xx




Big bank HELOCs (by MJ [OH]) Posted on: Jan 8, 2018 2:58 PM
Message:

J, I would check out some regional banks in your area. I know there are several lending in your state. I don't like the big banks, no flexibility and the customer service is usually overseas. The local branches even have to call a toll free number to be able to answer your questions. I would make a list of small to regional banks and start calling them and ask to speak to a seasoned loan officer experienced in working with real estate investors. Develop a relationship and see who can give you the best deal. I believe we are in a relationship business and I want that in return. If that doesn't matter to you then go Big. :) --174.105.xxx.xxx




Big bank HELOCs (by J [FL]) Posted on: Jan 10, 2018 9:59 AM
Message:

Thank you MJ. --72.188.xxx.xx




Big bank HELOCs (by Ray-N-Pa [PA]) Posted on: Jan 10, 2018 5:05 PM
Message:

I can't speak specifically on HELOCs, but I see a huge value in dealing with a small local portfolio lender. The banker knows me and knows that I am wanting a loan, that there is a value in it.

That level of trust doesn't come by pushing the number 1 on the phone

--24.101.xxx.xxx




Big bank HELOCs (by Ray-N-Pa [PA]) Posted on: Jan 10, 2018 5:12 PM
Message:

I forgot to mention, though - the local bank is not as cheap as the national chains are.

The value I see is in the knowledge that the banker knows me and my niches --24.101.xxx.xxx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Big bank HELOCs
Your Name:
Your State:

Message:
Big bank HELOCs
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: