U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 04-02-2008, 12:44 PM
Location: New York, Westchester
506 posts, read 2,208,073 times
Reputation: 237


has any one taken one out in the last couple of weeks or so, and what rate did you get and with whom............thanks
Rate this post positively Reply With Quote Quick reply to this message

Old 04-02-2008, 01:46 PM
Location: Memphis, TN
185 posts, read 941,664 times
Reputation: 110
On 02/12/2008 I opened a HELOC on my primary residence, I went through my local branch at Regions Bank here in Memphis, TN. I still have a 1st mortgage so I stayed < 80% LTV & got a HELOC (Home Equity Line of Credit) for $172k @ a variable rate of prime - %1. Regions offers the ability to lock and have a multiple "loans within a line" to acquire fixed rates. However, I'm constantly borrowing and paying back in large chunks so I'm staying with the prime - %1 which currently ranges between 4.25 - 5.0%. My FICO was exactly 760, I didn't provide any tax returns or even income statements from my CPA. I was basically stated income and "good bank relations", so people can still get no doc loans at rock bottom rates.

P.S.: There were absolutely no fees, & they even covered the appraisal. Only fee you ever pay is interest, which right now is about as historically low as it gets.

Last edited by simcity; 04-02-2008 at 01:55 PM..
Rate this post positively Reply With Quote Quick reply to this message
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages

All times are GMT -6.

© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top