DCU HELOC DP

mau471 — Fri, 03 Mar 2023 15:57:10 GMT

Mostly posting for a data point since my experience so far has been different than what I have seen previously reported. I applied for a DCU HELOC, they hard pulled all 3 and used my lowest score, which in my case was TU and is of course my only of the 3 mortage scores below 740 costing me slightly on interest. The rate is only .1% higher than the lowest advertised rate so not the end of the world. But had I known I would have waited a little longer for some paid off balances to reflect on my TU report that are reflecting elsewhere but in my past experience with other loan products and user reports on here I found when initially researching they seem to have traditionally only used equifax for HELOC which is currently in the high 760's.

Re: DCU HELOC DP

markbeiser — Fri, 17 Mar 2023 05:10:38 GMT

What rate did you get?
Fortunately the cutoff for the best rates on a HELOC are generally 740 on the mortgage scores, instead of 760 like for a conventional mortgage.
Odd that they used your lowest score instead of the middle.

Re: DCU HELOC DP

mau471 — Tue, 14 Mar 2023 13:40:45 GMT

For the initial draw its 7.625%.

topic DCU HELOC DP in Mortgage Loans

DCU HELOC DP

Re: DCU HELOC DP

Re: DCU HELOC DP