Quote:
Originally Posted by starflyte1
I have a high interest line of credit loan. 6.+. I have excellent credit score, so I need to fix that error in financing.
Has anyone had any recent dealing with online lenders? I would want low start up fees because I plan to pay it off if I sell my house(of coarse) or pay principal and interest monthly, but would pay off within a year.
Online borrowing would be new to me, so any suggestions would be appreciated. TIA
|
In 2018 I was planning to refinance to lock in a fixed rate. The on-line lenders are predatory. As soon as you click "OK" you are deluged by lenders who assume you are stupid or desperate or have poor credit. The rates and closing costs were horrible. Much worse than the local name-brand banks. I eventually got a good deal at my old employer credit union.
I am using them now for a home equity line of credit. Could have locked in a 3.99% but needed larger loan-to-value, so I took 5.25%. A little less than Wells Fargo.