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Updated over 5 years ago on . Most recent reply
LOC on Investment Properties
Hi All,
I'm looking for a line of credit against a rental property that I currently have a 60% LTV on. I could do a cash out refi, but the fees get expensive and it just isn't as flexible. Does an LOC on investment properties exist in the post 2007/8 world.
Thanks in advance!
Most Popular Reply
@Robert Stamper. Yup you can get Line of Credit against an investment property. I just closed on one today (Tnx to @Chris Mason for giving me the referral). Variable rate but right now rates are so low that it’s a great opportunity. Call around to local banks and ask if they offer this product.