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Updated over 2 years ago on . Most recent reply

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13
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Clayton Bray
6
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13
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Heloc Rejected for investment, am I doing it wrong?!

Clayton Bray
Posted

Hey BP! 

I got rejected from my credit union because I said that I was using my HELOC for investments. Should I just say home improvements or what? Were is the best place to get a 90%LTV loan thats interest only? We have great credit and income...

Thanks for the input! 

Clayton 

Most Popular Reply

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17,434
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30,084
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,084
Votes |
17,434
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Using the money to invest is a no go.

Next time tell them you are going to use it for coke and hookers and it will get approved. 

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