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Updated 1 day ago, 11/28/2024
Increasing HELOC on investment property
I have a HELOC on my investment property that I opened while still living there. It's with TD Bank. The property value has increased quite a bit since then and i would like to increase it, but i wasn't sure it they would entertain it being that its an investment now and not my primary home. I'm not sure if i would risk them closing the HELOC. Should i ask them to increase it? Or is it possible to get a second HELOC though someone else?