Home Equity Loan Closing Costs

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Hog1
06-08-2007, 01:32 PM
There is a major banking chain ( I CANNOT remember it) offering 1% below prime for loans over 50k, and as long as the balance remains above 50k. When the balance falls below 50k, the rate goes to 1/2 % below prime. NO CLOSING COSTS or hidden nonsense.
I WILL remember it and re-post. I was checking it out as well to move an existing loan I have to them.

dmek25
06-08-2007, 06:29 PM
pre paid finance charges other then the daily interest rate are usually waived. shop around.closing costs on a second mortgage including the appraisal is usually only around $500.00- $600.00 tops.

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