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Updated over 5 years ago on . Most recent reply

Eric Williams's profile image
Eric Williams's profile image
Eric Williams
  • Realtor
  • from Boston, MA
  • Member since Feb 14, 2019
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Eric Williams's profile image
Eric Williams's profile image
Eric Williams
  • Realtor
  • from Boston, MA
  • Member since Feb 14, 2019
Connect
Eric Williams
  • Realtor
  • Boston, MA
9
Votes |
30
Posts
Private Lending & Conventional Mortgage Advice

HELOC on investment property in Boston

Eric Williams
  • Realtor
  • Boston, MA
Posted

Anyone know of any places offering HELOC for investment properties (3 family)? Every place I checked out only offers it for owner occupied. I would rather go with a local bank or credit union. I find the terms are better.

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Lien Vuong's profile image
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Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong's profile image
Lien Vuong's profile image
Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

If it's an investment property its considered a Line of Credit as opposed to HELOC. I can connect you to a broker that can help you with this strategy if you're interested in it. They will help you compare the best rates throughout the region and get you into the most competitive product.

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