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Jennifer C.'s profile image
Jennifer C.'s profile image
Jennifer C.
  • Investor
  • from Dallas, TX
  • Member since May 20, 2016

User Stats

5
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2
Votes
Jennifer C.'s profile image
Jennifer C.'s profile image
Jennifer C.
  • Investor
  • from Dallas, TX
  • Member since May 20, 2016
Jennifer C.
  • Investor
  • Dallas, TX
2
Votes |
5
Posts
Mortgage Brokers & Lenders

Texas newbie question about portfolio lender and HELOC

Jennifer C.
  • Investor
  • Dallas, TX
Posted

Hi, 

Thanks in advance for any reply and/or help! This is my first post at BP so please feel free to redirect me if any other forum is more suitable. I am a newbie investor from Texas. Currently we have 2 SFH rented out and are looking for buying a Multi, ideally 10 units or above. I heard people talking about all kinds of financing - HELOC, portfolio lender... so when should I talk to the bank about the HELOC or portfolio lendor, before or after I have a deal on hand? If a portfolio lender, does it mean they can combine all my existing mortgage and the amount I need for the new deal? The bank I apply for the HELOC, does it have to be my existing mortgage or saving account bank?

Thanks again!

- Jen   

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