https://ficoforums.myfico.com/t5/Mortgage-Loans/HELOC-with-Hancock-Whitney/m-p/6780184#M261898 <P>I closed on a HELOC with Hancock Whitney bank in Texas this past Friday.&nbsp; I was approved for $43k.&nbsp; They currently have a 2.99% 6 month promo rate.&nbsp; After that it will be&nbsp;9.7% (Prime + 1.2%).</P><P>&nbsp;</P><P>I applied 5 weeks ago; they pulled Equifax.&nbsp; I've misplaced the original letter but it was somehow about 835.&nbsp; I know mortgage loans often use different scoring algorithms,&nbsp; my 'regular' Equifax score is around 770.</P><P>&nbsp;</P><P>My original plan was to take advantage of the promo period and put my equity in a high-yield savings account/CD.&nbsp; I'd get about $400 doing that; not too shabby in exchange for a hard pull.&nbsp; Instead, I'll chase a few bank savings bonuses and get more bang out of this.&nbsp; I'll try to provide updates on my plan going forward.</P> Wed, 14 Aug 2024 00:51:02 GMT DakotaM 2024-08-14T00:51:02Z https://ficoforums.myfico.com/t5/Mortgage-Loans/HELOC-with-Hancock-Whitney/m-p/6780184#M261898 <P>I closed on a HELOC with Hancock Whitney bank in Texas this past Friday.&nbsp; I was approved for $43k.&nbsp; They currently have a 2.99% 6 month promo rate.&nbsp; After that it will be&nbsp;9.7% (Prime + 1.2%).</P><P>&nbsp;</P><P>I applied 5 weeks ago; they pulled Equifax.&nbsp; I've misplaced the original letter but it was somehow about 835.&nbsp; I know mortgage loans often use different scoring algorithms,&nbsp; my 'regular' Equifax score is around 770.</P><P>&nbsp;</P><P>My original plan was to take advantage of the promo period and put my equity in a high-yield savings account/CD.&nbsp; I'd get about $400 doing that; not too shabby in exchange for a hard pull.&nbsp; Instead, I'll chase a few bank savings bonuses and get more bang out of this.&nbsp; I'll try to provide updates on my plan going forward.</P> Wed, 14 Aug 2024 00:51:02 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/HELOC-with-Hancock-Whitney/m-p/6780184#M261898 DakotaM 2024-08-14T00:51:02Z https://ficoforums.myfico.com/t5/Mortgage-Loans/HELOC-with-Hancock-Whitney/m-p/6780351#M261899 <P>Congrats on the HELOC approval !&nbsp; <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /></P> Wed, 14 Aug 2024 15:50:15 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/HELOC-with-Hancock-Whitney/m-p/6780351#M261899 pizzadude 2024-08-14T15:50:15Z