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CitiMortgage, a branch of Citibank, is a great lender for home equity loans. They lend up to 80% of your home’s LTV, and they give discounts to current Citibank customers. When cashing out, you can either opt to pay for closing costs or not. Choosing to pay closing costs on your second mortgage will get you a lower rate on your loan.
CitiMortgage has a great online platform where they list the current rates, as well as a great budgeting calculator to help you determine how much of a loan you want to take out. Their second mortgage loans are fixed rate, so you’ll always know what your monthly payment is going to be.