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Updated over 5 years ago, 07/02/2019

User Stats

4
Posts
0
Votes
Johnny Zapata
  • Investor
  • Fresh Meadows, NY
0
Votes |
4
Posts

Bank offered me 100k though heloc, wanted more

Johnny Zapata
  • Investor
  • Fresh Meadows, NY
Posted

My wife and I applied for a heloc using her primary residence purchased at 600k. There is no mmortgage. We generally don't carry debt over to the next month, but I guess our DTI was still poor. Bank offered us 100k. I was planning a BRRRR and I don't think it's enough. Should I take the money and adjust our plans, our look to another bank?

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