Bank offered me 100k though heloc, wanted more

[Johnny Zapata]

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?

[Steve Bronder]

Definitely shop around. If you have no mortgage you should be able to do better than 100k. 

[Roman M.]

try TD bank

[Dave Foster]

@Johnny Zapata,Completing that exact scenario now.  Multiple competing . national banks are offering 80% heloc including 5/3, Citizens, Wells and PNC.  Keep shopping.  5/3 had the most attractive terms - prime only.  they pay all closing costs including appraisal and title, and a teaser rate of prime minus 1.5ish  for the first year.  

But like all banks they make you want to tear your hair out.  So be patient.  Or drink heavily before interacting with their underwriters.

[Nick C.]

You can do better, shop around. 100k should not be enough unless you're buying garbage based on pro forma numbers that won't perform. 

[Mischa Talokonnikoff]

Was it just one of you applying or going together? If solo, try to see if you one of you co-sign for the other if it makes a difference? It worked very well for me in the past on a paid off property.