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Updated over 6 years ago on . Most recent reply

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5
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1
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Ade Wilson
1
Votes |
5
Posts

What’s the highest DTI banks will allow on HELOC

Ade Wilson
Posted

I’m thinking about taking out a Heloc on my primary property. I have over 600k in equity and want to invest in some rental properties with the funds. 

Anyone know the max DTI banks will allow for Heloc right now? I'm sitting at 39% which I think is high but I've heard some banks will allow up to 54.99% DTI and some only 45% in which I won't be able to get a large line out on my house. How can I get the most out of the equity just sitting inside my home? I just purchased November of 2017 so I can't rent out my unit just yet but I do rent out my front unit already (duplex).

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