HELOC
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HELOC (by A. Moore [VA]) Jun 23, 2022 9:45 AM
       HELOC (by David [MI]) Jun 23, 2022 9:58 AM
       HELOC (by David [MI]) Jun 23, 2022 9:58 AM
       HELOC (by DJ [VA]) Jun 23, 2022 12:42 PM

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HELOC (by A. Moore [VA]) Posted on: Jun 23, 2022 9:45 AM
Message:

Anyone know of a bank/credit union that does HELOCs on investment properties? House is in Virginia. --198.23.x.xx




HELOC (by David [MI]) Posted on: Jun 23, 2022 9:58 AM
Message:

So I cannot speak for VA, but I will provide some general input. I called a lot of local banks and CUs in MI about HELOCs and HELs on rentals. I only found two that will do it and they only did it for a year and then stopped. The other one had astronomical interest rates (8-9%) and this was around 2016-2017.

I've had to use non-portfolio lenders to cashout refi completely. as they won't accept 2nd position. --50.4.xxx.x




HELOC (by David [MI]) Posted on: Jun 23, 2022 9:58 AM
Message:

So I cannot speak for VA, but I will provide some general input. I called a lot of local banks and CUs in MI about HELOCs and HELs on rentals. I only found two that will do it and they only did it for a year and then stopped. The other one had astronomical interest rates (8-9%) and this was around 2016-2017.

I've had to use non-portfolio lenders to cashout refi completely. as they won't accept 2nd position. --50.4.xxx.x




HELOC (by DJ [VA]) Posted on: Jun 23, 2022 12:42 PM
Message:

No, at least not mine.

That's why I bought my last house in my own name - because I want a HELOC on it, once it's rented, to releive the HELOC on my personal home I've been using for business.

Please let me now if you find one! --68.229.xxx.xxx



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