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Updated over 4 years ago,

User Stats

8
Posts
2
Votes
Michael DeVane
  • Senoia, GA
2
Votes |
8
Posts

HELOCs on Rental Properties

Michael DeVane
  • Senoia, GA
Posted

After extensive research on HELOCS, I found only one bank (or credit union) that offered a HELOC on rental properties. They only allow a 60% LTV and a rate of 6.125% based on prime of 3.25 plus margin of 2.875. Is this typical of what the rest of you find for these? Thanks in advance for your advice.

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