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Updated over 3 years ago, 06/23/2021
Road Block w/ HELOC!
Lined up my first deal $350k. Planned to initially fund entirely with a HELOC from my primary residence, which is owned free and clear, currently valued at 510k. Having a hard time finding a bank to HELOC over 100k. Credit is excellent, DTI low, six figure w-2 income. Not sure what the problem is. I thought the HELOC would be a breeze. Can anyone share who they used and terms as of recent for a HELOC? I'm in Florida. Thank you!