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Updated 7 months ago on . Most recent reply

Christopher Lynch's profile image
Christopher Lynch's profile image
Christopher Lynch
  • from Providence, RI
  • Member since Feb 24, 2018
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Christopher Lynch's profile image
Christopher Lynch's profile image
Christopher Lynch
  • from Providence, RI
  • Member since Feb 24, 2018
Connect
Christopher Lynch
  • Providence, RI
25
Votes |
81
Posts
Mortgage Brokers & Lenders

Bank Statement Heloc on Primary

Christopher Lynch
  • Providence, RI
Posted

Are there any lenders offering HELOCs for small business owners who primarily use bank statements to qualify, especially those with write-offs? The credit score is around 720, and the property is owner-occupied, which might simplify the process. Any recommendations would be greatly appreciated!

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Christopher Lynch's profile image
Christopher Lynch's profile image
Christopher Lynch
  • from Providence, RI
  • Member since Feb 24, 2018
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User Stats

81
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Votes
Christopher Lynch's profile image
Christopher Lynch's profile image
Christopher Lynch
  • from Providence, RI
  • Member since Feb 24, 2018
Connect
Christopher Lynch
  • Providence, RI
25
Votes |
81
Posts
Christopher Lynch
  • Providence, RI
Replied
Quote from @Clayton Silva:

We may have that option.  I know we have bank statement HELOANs for sure.  What is the leverage you are looking to get?


 I am looking to tap some of the equity. Right now it is about 50% equity and I would like to access 20-25%

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