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Updated 3 days ago on . Most recent reply

Courtney Dettlinger's profile image
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Courtney Dettlinger
  • Member since Feb 23, 2023
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Courtney Dettlinger's profile image
Courtney Dettlinger's profile image
Courtney Dettlinger
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Courtney Dettlinger
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Buying & Selling Real Estate

Should I use home equity loan & how

Courtney Dettlinger
Posted

I own my current primary residence & have about 140K in equity. The plan is to purchase a new home & keep current as a long term rental. The new home needs remodeled for about 150K. Trying to decide if we should use a home equity loan for the remodel, do we need to put current home under LLC to help with debt to income ratio & would that affect getting the home equity loan?

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