I just closed the 10 yr 4.99 Home Equity Loan (fixed) not line of credit. Painless. Was approved on line. That afternoon I got an email with directions to call about setting up a closing date. A week later I got the package, signed, notorized and sent it back. 7 days later money showed up in my account. Did direct draft for the amount. I basically took the money and put on my first mortgage. First will be paid off in 2 yrs, then I will have this little payment for the next 8. It was a cash flow play for me.
Tomcat98