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Updated over 6 years ago on . Most recent reply
What is the best HELOC with 90% LTV on primary residence
I have a property now worth about $750000 and I have about $280k in equity in it. I live there and i would like to get a HELOC at 90% LTV to put the money towards a new investment.
Anyone have any recommendations for banks I could use? Any feedback about ease and speed of process, rates, etc would be much appreciated. the property is in Atlanta, Ga.
thanks!
Most Popular Reply
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Jamal,
USBank was ok, 90% loan at around 5% interest. Mostly online / email. Required 2 years of W2s, tax records, insurance records, mortgage records, called my work, sent out appraiser, signed several docs + a notary to my house for final docs. No out of pocket for me.
Good Luck!
Chris