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Updated almost 3 years ago on . Most recent reply

User Stats

56
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Dan Hedges
Pro Member
  • Realtor
  • Camas, WA
10
Votes |
56
Posts

Cash Out Refinance/HELOC Michigan

Dan Hedges
Pro Member
  • Realtor
  • Camas, WA
Posted

Hello!

I'm struggling to find a conventional lender in Michigan that will do a cash out refinance/HELOC on an investment property (duplex). I'd prefer to work with a credit union or community bank.

Any recommendations? 

Thank you in advance,

Dan

Most Popular Reply

User Stats

1,827
Posts
1,239
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Brian G.
  • Rental Property Investor
  • Los Angeles, CA
1,239
Votes |
1,827
Posts
Brian G.
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Dan Hedges if your property is not in an LLC but held in your name Pen Fed will do an 80% LTV Heloc on a rental property if you have 3 properties or less including a primary.

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