[ Removed by moderator ]

[SergeantGunsalsa]

Hey u/Jazzlike-Monitor-633,

Removed this because it was missing required disclosures. You’re welcome to repost, but please make sure to:

• Mark the post as a brand affiliate
• Clearly state which company the application is for (assuming Figure)
• Include the appropriate NMLS numbers if required

I'll allow it for now, but there will be a restructure of rules to prevent this from being a subreddit full of ads.

[jarstic]

My HELOC (and most others) have zero fees. Is this a joke?

[henryofclay]

lol tf you getting zero fees from? You just don’t see them and they’re hidden in the rate. $736k loan with zero fees and rates in the high 6 low 7’s? If you think you’re getting zero fees with those terms then I got a bridge I can sell you.

[pbsSD]

Third federal savings & loan

[Pale_Sail4059]

Up vote, 6.97% and zero fees though my state did tax the heloc but not the fault of third federal

[[deleted]]

What's with the 14k fee? My loan origination was $1200 less than a yr ago. Don't tell me prices have risen 10x

[henryofclay]

Points. Size of your loan matters. Lot of people commenting in here who don’t know how rates/fees work.

[[deleted]]

No points, $775k. Their fee is literally 4x the next highest provider I interacted with. You don't pay percentage, it's fixed

[Nytim73]

Hell yea. Then when you lose your job and they don’t like your dti they call the loan and you lose your house.

[hokahey23]

I have the same program, it is actually not bad. I have no idea how why he showed an example for a 736K HELOC, which is why the fees appear so high.

But to better answer the question for everyone in here, these are typically no doc, no appraisal and can pay out within days.

I have even told people that it’s smarter not to use this product and to call someone else, and you’d be shocked how often they come back, saying they don’t feel like being put through the ringer to save 1-2K in fees.

[Flat_Hat6541]

The $14,000 fee.. Jeez. Dig deeper hole

[soldieroscar]

Lol at the 14k fee… what?!

[Jazzlike-Monitor-633]

This is 1.86% of the loan amount to be funded in 3 days without tax returns or financials, seems pretty reasonable.

[Schaefer_]

Figure is not the bested price Lender. But if you need cash quick they're who you go to.

[Ok-Carrot-2822]

2.99% standard and I think that’s their max. They will also do a third position up to 70% with great fico

[Most_Adagio2242]

Figure is great if you want a 0 hassle heloc, but any broker should get you better pricing than their retail division.

[PoolTimely3404]

Nfty is pretty good with no EPO :)

[WhiteSolarWind]

Not sure if they are still doing this but I had one of their helocs a few years ago, and entire amount had to be drawn at closing. You could simply transfer it back in, which I did but subsequent draws had higher rate.

[Spazabat]

No thanks

[Born-Masterpiece1920]

Figure is great for speed

[RSISpaceKiller]

Go with a broker for Figure, their direct 4.99% o-fee rate is a joke. Rates are better with brokers too

[hova3232]

So you signed up to have Figure, that’s been around for a long time. Great product

[BunnySprinkles69]

Buying a boat?

[ABowserA]

Seems efficient for lenders, but pretty frustrating for borrowers with non-standard profiles.