“Don’t Overpay When Obtaining a HELOC”

   “Don’t Overpay When Obtaining a HELOC”

 

 

Joe,

As you well know, we always look to you when it comes to our mortgages and now need some advice. We are looking to increase our current line of credit.  Basically, they said that we have to reapply and the fees would be nearly $1000, which we'd like to avoid if possible. Do you have any recommendations/options rather than going through our current bank. If you're free tomorrow please give me a call or give me a time to call you.

We are actively home searching so we want to make sure we have all of our ducks in a row. As always thank you.

 

 

I referred this client to one on my referral partner banks that I work with all the time. Their cost for doing the $100,000 HELOC was ZERO.

 

Do you know why some banks would ask for a $1000 for a home equity line of credit? Simple answer, because they can. But that doesn’t mean you have to agree.

 

Subscribe to my blog via Email:

 

Enter your email address:

Delivered by FeedBurner

 

Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 3 commentsJoe Petrowsky • December 10 2019 08:53PM
“Don’t Overpay When Obtaining a HELOC”
share
“Don’t Overpay When Obtaining a HELOC” Joe, As you well know, we always look to you when it comes to our mortgages and now need some advice. We are looking to increase our current line of credit. Basically, they said that we have to reapply… more
“Ever wonder… ”
share
“Ever wonder… ” If twins ever realize that one of them was unplanned? What if my dog only brings back my ball because he thinks I like throwing it? If poison expires, is it more poisonous or is it no longer poisonous? Which letter is… more
“Twenty Properties with 20 Year Mortgages”
share
“Twenty Properties with 20 Year Mortgages” Hey Joe, I did it, I know you already know what I am going to say. I promised you I would let you know when the original mortgage you did for me 20 years ago was paid off. I got the paid note in the… more
“I Need a Favor”
share
“I Need a Favor” I have a friend since college days, Nick XXXXXX. Lately, we’ve been talking about the viability of me building a new home for him, that would involve the Reverse Mortgage. Nick has a couple of very "personal issues”… more
“At Some Price, all the Math will Work”
share
“At Some Price, all the Math will Work” Hi Joe, The seller’s Realtor told my agent that the sellers are old and are not willing to do much work, and looking at the inspection list that she voluntarily gave me (attached), it seems the sellers… more
“Happy Thanksgiving”
share
“Happy Thanksgiving” A man was picking through the frozen turkeys at the grocery store for Thanksgiving Day, but couldn't find one big enough for her family. She asked a stock boy, "Do these turkeys get any bigger? " "No, ma'am… more
“If You Didn’t Know How Old You Were? ”
share
“If You Didn’t Know How Old You Were? ” * Actor George Burns won his first Oscar at age 80. * Golda Meir was 71 years of age when she became prime minister of Israel. * At age 96, playwright George Bernard Shaw… more
“Focus on the Solution, NOT the Problem”
share
“Focus on the Solution, NOT the Problem” Good Morning Joe, I am working with Dana and Ed in the purchase of a home. We are submitting an offer for the attached property. The listing price is $250, 000. They have told me they are… more
“I’m in the Dreams Can Come True Business”
share
“I’m in the Dreams Can Come True Business” Hi Mr. Joe, I hope everything is well with you and your family. It is hard to believe that we have had our house for 10 months now. Thank you again for helping us accomplish our dream.. Now as I… more
“Not a Dumb Gorilla”
share
“Not a Dumb Gorilla” A gorilla walks into a bar in San Francisco at the Western Secondary and, to the amazement of the bartender, orders a martini. When the bartender gives the gorilla the martini, he is further surprised to see that the… more