Oct 24 • General discussion
Better option ?
I have a situation where I need input: I've been working with a bank to get a HELOC on my primary in order to buy my next property. I was quoted by a bank at 9.25 and I reached out to another lender who states that they can get me a lower rate. However, I would have to start the entire process over again. My concern is if I cancel with the bank that I was approved for and go with the other bank which I would need to get another hard credit pull, send all my documents, etc... for a few points (potentially). I'll refinance in 9-12 months, so would it even be worth it ? I would appreciate all constructive feedback.
T.I.A.
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Better option ?
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