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Updated about 9 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Greenville, Ohio
  • Member since Jan 11, 2016
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Greenville, Ohio
  • Member since Jan 11, 2016
Connect
Account Closed
  • Greenville, OH
1
Votes |
51
Posts
Private Lending & Conventional Mortgage Advice

Rental Cash Out and Appraisal Question

Account Closed
  • Greenville, OH
Posted

I want to cash out on a rental property that was purchased with a Heloc on my home.  Can I get a conventional mortgage or will it have to be an equity loan?

It needs windows and siding but would doing that before the appraisal really help that much? Probably looking at 5k in expenses.  It's worth less than 50k. (My bank does small loans.)

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