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Updated almost 10 years ago on . Most recent reply

Damian Mandina's profile image
Damian Mandina's profile image
Damian Mandina
  • from New Orleans, Louisiana
  • Member since Dec 7, 2014
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Damian Mandina's profile image
Damian Mandina's profile image
Damian Mandina
  • from New Orleans, Louisiana
  • Member since Dec 7, 2014
Connect
Damian Mandina
  • New Orleans, LA
7
Votes |
12
Posts
Private Lending & Conventional Mortgage Advice

Home Equity Line of Credit as Capital for investing...

Damian Mandina
  • New Orleans, LA
Posted

I have been in the process of working with the bank on establishing a home equity line of credit to start using as capital to invest in properties.  Today they said that I needed to reassure my house for not only the value of the house but also the value of the home equity line of credit.  Doing so would make my home owners probably double which would make this a no go.  Has anyone run into this before?

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