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Updated almost 8 years ago on . Most recent reply

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Brad Davis
  • Investor
  • Cincinnati, OH
0
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1
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Where are the companies that do 2nd mortgage on rental properties

Brad Davis
  • Investor
  • Cincinnati, OH
Posted

Hi all, have about $50,000 in equity in a rental that I want to use for a down payment but my primary big bank lender say that they don't do that unless it is a cash out refi. 

My question is who/where/which companies will do a Home Equity Loan or 2nd mortgage on my rental property? I'm looking to take out $37,000 to use toward a down payment on my own personal residence. 

Thanks!

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