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Updated over 9 years ago on . Most recent reply

Kevin Dee's profile image
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Kevin Dee
  • Investor
  • from Great Neck, New York
  • Member since Mar 1, 2013
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Kevin Dee's profile image
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Kevin Dee
  • Investor
  • from Great Neck, New York
  • Member since Mar 1, 2013
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Kevin Dee
  • Investor
  • Great Neck, NY
3
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38
Posts
Private Lending & Conventional Mortgage Advice

Home Equity Line on a Rental / Investment

Kevin Dee
  • Investor
  • Great Neck, NY
Posted

Hello All!!! In New York, I went to my Chase banker and they said it's impossible for them to give me a home equity line of credit on my free and clear condo investment apartment that I rent out. I guess this is true with their bank, but has anyone done this with another bank? Thanks!

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Sandra Holt's profile image
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Sandra Holt
  • Real Estate Investor
  • from Columbia, MD
  • Member since Nov 6, 2014
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Sandra Holt's profile image
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Sandra Holt
  • Real Estate Investor
  • from Columbia, MD
  • Member since Nov 6, 2014
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Sandra Holt
  • Real Estate Investor
  • Columbia, MD
94
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Sandra Holt
  • Real Estate Investor
  • Columbia, MD
Replied

Try your local credit union and/or TD Bank. I was recently approved by both on a HELOC investment property loan. Good luck!

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