Heloc Primary Residence Options

[Henry Centola]

Hello,

I'm looking into taking a Heloc out on my primary residence. Last time I took out a Heloc I used the forums to find a bank doing 95% LTV, 10 year draw, and 15 year repayment. The same bank is still offering these terms but I wanted to see what else was being offered. I'd say ltv is the most important but also interested in longer repayment or interest only.

Thank You,

Henry 

[Zoran Domazet]

Hey Henry,

I am currently looking for lenders that are willing to do Helocs on multi family property (1-4 units owner occupied). What bank did you go with last time to pull out 95%? The local credit unions I've reached out to so far don't work with multi family properties. Is there a requirement on how long you have to own the property in order to pull a line of credit on the equity? I will keep you posted if I find one with longer terms and high ltv terms.