I am trying to find good options for fixed rate BTs. My Mother has a second mortgage at 10%. She owes about 18k. I know that Penfed offers 4.99% fixed with no BT fee, but I am not sure if they would consider a line of credit that large. So I have two questions:
1. Would Penfed or any other bank/CU consider offering multiple cards to make up a limit if it is not possible to grant the limit with one card? For ex, if they only offer 8k.
2. What other deals are out there?
She lives in Michigan. That looks like a nice deal: 2.9% fixed with no BT fee. I will call tomorrow and see if there is a way to qualify for membership.
I read the thread and they are still waiting for the Guinea Pig to try the method of membership. I know there is a similar deal at a Michigan CU, but you have to be a resident of a certain county.
Maybe someone knows of another deal..
Here is a deal for 1.99%, but the qualifications for membership at the CU are very specific:
ServU FCU is a multi occupational financial institution, where membership is based on people sharing a common bond within a field of membership.
Membership is possible:
Alliant, or Lake Michigan Credit Union.
Alliant has a good 0% 12 months, no bt fee deal. LMCU seems to have a platinum card with a regular low rate around 6% or so. I didn't see and fixed rate bt deals, but will definitely keep these in mind for future reference!