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Updated over 4 years ago on . Most recent reply

User Stats

17
Posts
16
Votes
Jared Johnson
  • Real Estate Agent
  • Spokane
16
Votes |
17
Posts

HELOCs in COVID-19. How are you doing?? lenders pulling/freeze??

Jared Johnson
  • Real Estate Agent
  • Spokane
Posted

Hello BP,

Im finally refinancing my first rental property! :) (Triplex) and pulling equity using a HELOC, to be ready for my next deal in the Spokane WA market.

Has anyone done one recently with success and good terms? (Not necessarily in Spokane)

Also has anyone had one canceled or frozen recently because the lender you chose is nervous of how the market is moving? 

Just curious if anything is happening out there on this front, in this COVID-19 universe.

Thanks guys!

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