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Updated almost 8 years ago,
HELOC lender in NH or FL
Hey folks,
We currently live in NH, own our home out right. Bought it for cash and we have it for sale now for 290,000. We are adding another bathroom to the house and making it a 4 bed/3 bath and making it a vacation rental (taking it off the market). Moving to FL and wanting to get into the REI market down there. Thinking an HELOC would be a great way to fund our adventure. We want to start some relationship with banks in the Jacksonville area (where we are moving to) would it be wise to try to get our HELOC loan from a bank down there or work with someone locally here? Is it even possible to work with someone in FL for a home up here? If so can anyone recommend some lenders in FL that we can start talking to?