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Updated almost 6 years ago,
Could not find a fixed rate HELOC for a rental?
I'm trying to shop for a fixed rate HELOC for a rental property I own. All what I found either a equity loan with a fixed rate, others offer a variable rate with the option to lock it in 3 times during the life of the loan which is around 12 years?
Any directions on how to find a fixed rate HELOC for a rental property i own in VA?
The idea is that I don’t want to pay for the full amount of the equity loan which may take few months before I use some funds as a DP of my next investment property.
Thanks.