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re: Bank recs for HELOC- New Orleans

Posted on 2/17/14 at 3:15 pm to
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7544 posts
Posted on 2/17/14 at 3:15 pm to
quote:

your going to have to wait 6 months.. i would stop by whitney bank. you will need a new appraisal but they will pay for it and if you have good credit and keep the loan at least 1 year there is no closing cost.

Ok, good to know. I'm closing in on 6 months.

Credit is excellent so hopefully I can avoid those extra costs.

Any ideas on what I can expect rate wise?
Posted by hawkeye007
Member since Feb 2010
5915 posts
Posted on 2/18/14 at 9:28 am to
right now the rate at whitney is 3.99% for the first 2 years and adjustable after that. most heloc loans are adjustable rate mortages.
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