How Do You Shop For a HELOC?
"Do I shop for a HELOC in the same way as I would shop for another mortgage?"
No, shopping for a HELOC is very different from shopping for a standard mortgage. If you know the information you need, shopping is easier, but if you don't know what you need and don't ask the right questions, you are highly vulnerable to an overcharge. It is very unlikely that the lenders you contact will give you the information that you need unless you ask for it.
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No, shopping for a HELOC is very different from shopping for a standard mortgage. If you know the information you need, shopping is easier, but if you don't know what you need and don't ask the right questions, you are highly vulnerable to an overcharge. It is very unlikely that the lenders you contact will give you the information that you need unless you ask for it.
More...