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Updated about 3 years ago,

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12
Posts
1
Votes
Scott Sweitzer
1
Votes |
12
Posts

Getting equity out of primary residence

Scott Sweitzer
Posted

Since I'm self-employed, I've decided to obtain commercial debt for an upcoming rental condo purchase (long term hold).  I was hoping to utilize the equity in my primary residence to help with the down payment, but I'm finding that my taxable income is too low/revolving debt too high.  

Does anyone have recommendations for lenders that will give HELOC's to self-employed owners in my situation? Alternatively, any other suggestions on how to get the equity out of my primary residence?

Thanks!

Scott