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09-28-2012 05:39 PM
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?
09-28-2012 06:19 PM - edited 09-28-2012 06:23 PM
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.
09-28-2012 06:50 PM - edited 09-28-2012 06:52 PM
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..
09-28-2012 07:13 PM
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:
09-29-2012 09:49 PM
Alliant, or Lake Michigan Credit Union.
09-30-2012 04:58 AM
09-30-2012 06:29 AM
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!