Home Equity Loans - Investment Properties

[Derek Lee]

Does anyone know of any lenders that currently offer Home Equity Loans on investment properties in Kansas City, MO?

I'm currently at a 50-60% LTV on a few properties and want to know if there are fixed rate options for tapping into the equity.

[Scott Johnson]

Quote from @Derek Lee:

Quote from @Sasha Mohammed:

usually HELOCs are adjustable. And they are very difficult to find right now on investment properties. 

Alternatively, you could do a HELOAN, which would be a fixed interest rate, but is closed-ended, meaning you can only draw against it once, and then the rest of the term (usually 30 years) is used to pay back the loan. 

if you find a HELOC on an inv. prop, please let us all know! i would love to be able to offer this to my clients!

Thanks for input. I'll let you know if I decide to go down the HELOC route. 

 Makes sense. Good luck, dude! Let us know what you end up doing.