Home Equity loan -pay points? How to decide between two banks??
I'm first time visitor and poster to this forum...so If I ask something that you can easily answer by sending me to a previous thread, go right ahead. We're debating between banks with similar interest rates for a home equity loan...how do we decide when both banks seem like they are well established? Can we discuss banks here? We're trying to decide between Wachovia and Sovereign...Wachovia boasts that they won't sell our loan...is that important? I've had loans sold before with no consequences (that I saw)...also their rates are very, very close, but one requires an account at their bank (a checking..) and the other doesn't...Wachovia doesn't, Sovereign does...yet Sovereign's rates are .10 lower...when banks seem similar when it comes to a home equity loan, how do you decide??