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Updated 9 months ago on . Most recent reply
Tap in on a rental for its equity as down payment along with DSCR Loan
Good afternoon, I am hoping to put down as little as I can for a quadplex. I have like $130k in equity on one of my duplexes and I would love to tap in the equity as a down payment along with DSCR loan. Is it possible? I would hate to refinance my duplex and lose the 4 percent interest on conventional loan. Is there any other way to use its equity, without creating HELOC/LOC? My duplex is in Virginia and the 4plex is in Pennsylvania, if that matters..
TIA!