HELOC rate good/bad?

[milliemchi]

Chase is offering me prime+0.36% if I open a HELOC with them. I already looked at a few places online (via Lending Tree) and they won't do HELOCs, they want to do refinancing, so that wasn't helpful. Should I take the Chase offer (great customer service, btw), or should I keep looking? This is in northeast Illinois area.

[MrSal]

Try Santander Bank ... they offer Prime - 0.24% usually.

However its usually on amounts higher than 50k ....

[milliemchi]

Try Santander Bank ... they offer Prime - 0.24% usually.

However its usually on amounts higher than 50k ....

Yup, if I open a checking account with them, it's prime-0.25%. Just got off the phone.

Did you do business with them, MrSal? Anybody with experience with Santander? Any other tips?

[MrSal]

Try Santander Bank ... they offer Prime - 0.24% usually.

However its usually on amounts higher than 50k ....

Yup, if I open a checking account with them, it's prime-0.25%. Just got off the phone.

Did you do business with them, MrSal? Anybody with experience with Santander? Any other tips?

I used to work for them so I know most of their products.

Recommendations... hmm they are good for normal things like that. They have good products for businesses. Not the cheapest of banks in terms of fees and such but for this type of stuff I think they offer good rates. Usually better than cmpetition

[milliemchi]

Chase said they will try to match the prime-0.25% offer if I get something in writing. I called Santander back and this time they said that I'm out of their footprint and they cannot lend to me.

Any other recommendations for banks to talk to?

[milliemchi]

Chase couldn't match, but US  Bank offered prime - 0.25% without jumping through hoops.  They just asked for me to have a bank account with them, which I already do.