“Don’t Overpay When Obtaining a HELOC”

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

   “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.

 

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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

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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.

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Topic:
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Location:
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Groups:
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Rainmaker
3,414,052
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. Some banks offer customer service, some are more interested in generating fees. Ejoy your day!

Dec 13, 2019 03:43 AM #1
Rainer
545,494
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

One thing I know, Banks look out for themselves and themselves only.  They give a rat's axx about consumers. They are not our friends.  I hate them with passion for what they do to rob customers with skyhigh credit cards rates while paying .1% interest on savings and may be 1% on CDs

Dec 13, 2019 03:59 AM #2
Rainmaker
5,175,232
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Joe Petrowsky there are other sources and you are a prime source for lower fees.....

Dec 13, 2019 06:42 AM #3
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Rainmaker
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Joe Petrowsky

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