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Viewing 15 posts - 1 through 15 (of 15 total)
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  • June 28, 2021 at 8:25 PM #23093
    Escoguy
    Participant

    This is the best Heloc rate I’ve found:

    https://www.thirdfederal.com/borrowing/home-equity

    2.24%

    If anyone knows better, would be nice to know, might get one in next year or two.

    June 28, 2021 at 9:16 PM #822312
    Coronita
    Participant

    holy shet. that is good.

    June 28, 2021 at 9:16 PM #822313
    Coronita
    Participant

    .

    June 28, 2021 at 9:40 PM #822316
    sdrealtor
    Participant

    Yup found that right after i closed mine. I’ve got a family member I sent to them. Hers is closing this week. Took about 60-75 days. Got a $50k HELOC just to have for peace of mind

    June 29, 2021 at 2:57 PM #822330
    gzz
    Participant

    Do it now and put it all into bonds that yield 6%. What could go wrong?

    June 30, 2021 at 2:40 PM #822352
    barnaby33
    Participant

    Just got a HELOC from third federal as well. The rate floats daily with Prime though, so borrower beware!
    Josh

    June 30, 2021 at 2:53 PM #822353
    sdrealtor
    Participant

    [quote=barnaby33]Just got a HELOC from third federal as well. The rate floats daily with Prime though, so borrower beware!
    Josh[/quote]

    No loan mod?

    June 30, 2021 at 2:53 PM #822354
    sdrealtor
    Participant

    [quote=barnaby33]Just got a HELOC from third federal as well. The rate floats daily with Prime though, so borrower beware!
    Josh[/quote]

    No loan mod?

    June 30, 2021 at 3:00 PM #822356
    barnaby33
    Participant

    SDR, I’m unsure what you mean? I didn’t refi beforehand no, so I am stuck with my 2.8 15 year fixed.
    Josh

    June 30, 2021 at 3:13 PM #822359
    gzz
    Participant

    I just got a no-cost 15 year fixed mortgage for 2.375

    June 30, 2021 at 3:14 PM #822361
    sdrealtor
    Participant

    Just giving you the business 😉

    July 1, 2021 at 2:04 PM #822365
    barnaby33
    Participant

    Just giving you the business 😉

    which is fine, if I understood what your/it/my business is! Context is key, but grammar is so important!

    July 7, 2021 at 2:39 PM #822397
    trips123
    Participant

    It appears Third Federal does not give HELOC if the home is held in a family trust. Heard about this kind of restriction for the first time.
    Anyone is able to get HELOC at good rates from any other Bank/CU which do not have such restriction.

    July 7, 2021 at 3:31 PM #822398
    sdrealtor
    Participant

    An entity cant take out a mortgage. You have to take it out of the trust for the refi then once it closes you quit claim it back in. It is done every day

    July 7, 2021 at 3:47 PM #822400
    trips123
    Participant

    Got it. Thanks.
    Yes, that is how it was for mortgage loan refinance.

    I was hoping bank will do it by themselves during the HELOC process, but it appears I would need to move the home out of the trust myself first with Third Federal.

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