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Updated about 5 years ago on . Most recent reply

User Stats

65
Posts
20
Votes
Kirsten Milliken
  • Rental Property Investor
  • Ridgetop, TN
20
Votes |
65
Posts

Celebration--- HELOC application in BAM!

Kirsten Milliken
  • Rental Property Investor
  • Ridgetop, TN
Posted

I have been reading, chatting, researching, and connecting for a few months now... I currently own my primary home in Maine and another rental in Chattanooga. Today I took the step to actually go to the bank and get that HELOC loan to help fund my first BRRRR. I feel a bit smug because I was able to complete the application and all the necessary documents for the application quickly. I found a local bank in Maine that has a 1-year rate of 2.99 and then 4.75 variable after that. Now the sit and wait for the appraisal.... I'm hoping it will be quicker than usual since it is winter here in Maine.

Most Popular Reply

User Stats

3,740
Posts
2,584
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
2,584
Votes |
3,740
Posts
Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

@Kirsten Milliken

Good step...taking action, and having that financing lined up. Set some goals to look at open houses or schedule viewings.

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