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Updated about 5 years ago on . Most recent reply

User Stats

99
Posts
69
Votes
Robert J.
  • Rental Property Investor
  • Eugene/ Springfield, OR
69
Votes |
99
Posts

HELOC question. Way more then requested.

Robert J.
  • Rental Property Investor
  • Eugene/ Springfield, OR
Posted

Hey so I have a question. I applied for a HELOC through Tower fc which I've seen a few bp members refer and my original request was for 80k. It's been a really long process but as we got closer to the end they sent me closing docs and it's for a loan amount of 160k. I double checked with the closer and they said that was right and I didn't fight it but then my wife asked if there were any issues that could come up from the new amount and I wasn't sure. I'm supposed to get the docs tomorrow to double check but should I be wary of anything from this higher amount?

Most Popular Reply

User Stats

1,557
Posts
1,142
Votes
Jacob Sampson
  • Investor
  • Topeka, KS
1,142
Votes |
1,557
Posts
Jacob Sampson
  • Investor
  • Topeka, KS
Replied

Does your asset support that size HELOC?

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