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Updated almost 3 years ago,
HELOC Questions for "Investment Property"
Hey y'all, I owner occupied and house hacked my current residence for nearly a year and am looking to open a HELOC on it. I am moving out to do the same thing all over again but would like to access the equity built in it already from this crazy market to value add my new place. Anyone know of banks/lenders/credit unions that will offer a product for an "investment property" (technically since I'm not going to be living there anymore) up to 90% LTV? I've reached out to a couple credit unions but they seem hesitant/have stipulations for "investment properties" for example providing only 70-80% LTV on HELOC products. Any input appreciated, thank you!