Hi,
Wondering if anyone has recommendations on lenders offering HELOC that don’t require your mortgage to be with them. I’ve checked a few credit unions but it’s a slow process since none seen to want to offer the information up front
Thanks
Edit: if anyone stumbles across this in the future and is in the same boat, I’d recommend Simplii Financial. They were the only one I found that would be second signer with a somewhat obscure lender holding the primary mortgage. Very quick and painless, all over the phone/online aside from the legal part, in which the lawyer came right to my house.
As far as I know, there are not. Most banks will give you a HELOC in second place to a mortgage only if they are also the mortgage lender. I was surprised when I learned this last year. You could try asking a mortgage broker.
I know Tangerine did offer that a few years ago, I don’t know wether they still do or not.