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Updated over 1 year ago on . Most recent reply
Need to access equity. On investment property. Need Heloc.
I have a triplex with a ton of equity. Any banks doing Helocs for buying more properties? I have a 2.99 interest rate and dont want to lose that with a cashout refinance. It cashflows 4k per month.
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Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
Lender
#1 Mortgage Brokers & Lenders Contributor
- Lender
Quote from @Juan Serrano:
I have a triplex with a ton of equity. Any banks doing Helocs for buying more properties? I have a 2.99 interest rate and dont want to lose that with a cashout refinance. It cashflows 4k per month.
You may be able to do a stand alone second. Max CLTV is about 80-85% on NOO properties. It is a full doc loan and requires 2 full years of taxes.
- Erik Estrada
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