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Updated almost 7 years ago, 01/16/2018

User Stats

51
Posts
3
Votes
Wesley Weber
  • New Port Richey, FL
3
Votes |
51
Posts

2nd Mortgages in FL

Wesley Weber
  • New Port Richey, FL
Posted

A couple days ago I posted a question about HELOCS but I am thinking a 2nd mortgage might be a better route.

Does anyone know of any lender in FL that will do a 2nd mortgage at 90/100% LTV with a 50% debt ratio?

User Stats

9,365
Posts
6,550
Votes
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,550
Votes |
9,365
Posts
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

HELOC will be faster and easier.

User Stats

51
Posts
3
Votes
Wesley Weber
  • New Port Richey, FL
3
Votes |
51
Posts
Wesley Weber
  • New Port Richey, FL
Replied
Originally posted by @John Thedford:

HELOC will be faster and easier.

I thought so as well but not having much luck getting a heloc that will meet what i need. So far the closest thing I can find is a 2nd mortgage 15 year, 45% DTI and 100% LTV

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