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Best Interest-Only HELOCs?
Posted on 5/2/15 at 3:11 pm
Posted on 5/2/15 at 3:11 pm
We recently purchased a new house. With a significant bit of equity, I would prefer to have the funds available through a HELOC to provide additional liquidity. The nice part about a HELOC is that you only pay interest charges when you have an outstanding balance unlike a home equity loan where you borrow a big chunk at once and then make fixed payments.
The house we just sold had an interest-only HELOC through Wells Fargo, which was great. However, it seems that interest-only HELOCs are tougher to find these days. Any recommendations?
The house we just sold had an interest-only HELOC through Wells Fargo, which was great. However, it seems that interest-only HELOCs are tougher to find these days. Any recommendations?
2
Posted on 5/2/15 at 10:36 pm to Bayou Tiger
Check gulf coast bank.
They have a heloc with 5 yrs interest only.
They have a heloc with 5 yrs interest only.
Posted on 5/3/15 at 7:48 am to Bayou Tiger
Penfed
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