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Updated about 6 years ago on . Most recent reply

User Stats

44
Posts
4
Votes
Mustafa Mo
  • Rental Property Investor
  • Redmond, WA
4
Votes |
44
Posts

Could not find a fixed rate HELOC for a rental?

Mustafa Mo
  • Rental Property Investor
  • Redmond, WA
Posted

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.

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