HELOC in texas new?

Discussion in 'Credit Talk' started by david1, Sep 28, 2003.

  1. david1

    david1 Well-Known Member

    I heard home equity line of credit is approved in texas and it is effective from october 1st, 2003. They allow upto 80% LTV. Any body had good or bad experience with HELOC. This will be a second lien on the house I guess. What will be the approximate interest rate with bk in the report since 2 years.
    Compass bank has no closing cost with 10k minimum withdrawal at the closing. They will pull credit history, I am wondering to go with which company like texas credit union or something else?
    I need to shop around without applying for one to avoid credit enquiry, any thoughts?


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