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Updated over 4 years ago,

User Stats

15
Posts
2
Votes
Sam Arak
2
Votes |
15
Posts

Is it possible to refi with 1st lien HELOC in NJ?

Sam Arak
Posted

Is it possible to refi a property with a first lien heloc?

Property fmv $450k

Mortgage amount $225k

Current rate 3.875%

17 years left to pay off the mortgage.

I would like to refi my home to heloc, instead of traditional mortgage with a cash out. However, I know few banks do not offer heloc anymore. I appreciate any info on finding a lender to refi to heloc.

I have two rentals and I would like to finance a third in NJ.

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