Answers
I have an excellent credit rating and my property is worth more than I need, but I've been turned down twice for things that are beyond my control. Wachovia didn't like that I live on a 30 acre farm, and Citibank didn't like that my home is not stick built. Any suggestions on where else to try?
Thanks for the suggestion, but that won't help me.
Try these links for Farmers banks
http://www.google.com/search?hl=en&q =farmers+bank&btnG=Google+Search
911credit.blogspot.com BestCredit Cards To Get This website offers up-to-date information on online banks' applications that you can trust ...
We have outstanding credit and took out a Home Equity line of credit a few years but never used it. Citibank just lowered it from a few hundred thousand to 10,000 because they say all homes have gone down in value. We still have 200,000 in positive equity in our house so I am sure that Citibank is just trying to do a blanket lowering of all lending like alot of banks these days, either do to their TARP obligations or making more profit elsewhere. Any knowledgable folks out there that can recommend a new bank that is fair is their Home Eq lines of credit. I would like to do business with a different bank on my 1st mortgage as I can save 1% over my rate now and get the line of credit at the same bank. Recommendations, please.
Many banks are lowering or freezing home equity lines of credit right now because of all the foreclosures. When a home is foreclosed, the holder of a second lien (second mortgage or home equity line of credit) rarely collect anything when the home is sold.
My recommendation is to find a credit union and apply for a home equity line of credit with them. Typically, their interest rates are much lower and, often, they charge few or no closing costs. Their service is very good, too. Credit unions are now open to more people, where in the past, membership was usually restricted to the employees of a single company. And, credit unions are not-for-profit, meaning they don't have any shareholders (investors) to pay. The members of the credit union are the owners.
The Top 3 Citibank Credit Cards
This card offers new card holders a zero APR on balance transfer for up to twelve months; the regular APR of 13.99 does not chip in until after this period. This is a good deal for customers seeking to transfer from a high interest rate card to a low interest rate card. However, there is a minimum cap for cash advances below which the APR will not fall.
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