Updated over 5 years ago on . Most recent reply
Refi of 3 properties and HELOC
Looking at potentially refinancing 1-3 various properties and looking for resources to see if it's feasible. Looking at a HELOC for one property, spoke with PenFed whom I have another HELOC with on our primary residence and they noted they couldn't do it.
Any resources and tips would be greatly appreciated.
Property 1: Recently inherited via a family trust. Large amount of equity and low balance on the property. Would like to refi into a lower rate (currently at 5.75%) once it's in our name next week. Would also like to get a HELOC on this property that will be converting to a STR in the coming months.
Property 2: Investment property and current STR with rate at 5.75% for investment loan
Property 3: Primary residence at 3.875%
Property 1 is the main goal but if possible to drop the rate on the others would love to do that as well. If anyone has resources for HELOC on investment/second home properties would love insight! Thanks!