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Updated over 1 year ago,
Pros and cons of cross collateral loans
I have a mixed use building with an fha loan that has at least 100k of equity. I have been trying to figure a way to use the equity for another investment property. But a heloc with a mixed use is impossible. Also do not want to cash out refi because I have a 2.75 rate. Debating if I should use a cross collateral loan. Willing to do more research on other loan products as well if anyone has suggestions. This property's deed is under an LLC .