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Updated about 3 years ago on . Most recent reply

User Stats

35
Posts
13
Votes
Brooke Spaulding
  • Rental Property Investor
  • Braintree, VT
13
Votes |
35
Posts

Cash Out Refi or HELOC on Investment Property

Brooke Spaulding
  • Rental Property Investor
  • Braintree, VT
Posted

Hi - about a year and a half ago I got a cash out refi on an investment property, went well with a local bank. I just reached out now and options are very limited on an investment for either cash out or HELOC. I have found a cash out option with 75% loan to value with about 5.25% interest. What have others been doing? I'm leaning towards a HELOC now but haven't found a bank offering them on investment properties. Mainly looking for best way to access the equity we've built into that property to keep moving forward. Thanks!

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