Where can I get a HELOC at 90% LTV?

Question

I'm looking for a HELOC with 90% LTV. Are there any lenders that will give me one?

Answer 1

The only one that I know of is M&I lending, but they go up to 89.99 and your rate will be well over 8%, probaby closer to 10.  If you can work it out, do a straight refi up to 95% with FHA, you'll pay for mortgage insurance, but helocs are a dangerous tool in the wrong hands, plus lenders don't want to waste the capital they do have on them, thus they are becoming much, much tougher to get.  Take a look at the entire situation and go from there, good luck and feel free to ask questions