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Updated over 4 years ago, 06/17/2020

Adam Anderson's profile image
Adam Anderson's profile image
Adam Anderson
  • Member since Dec 18, 2019
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13
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Adam Anderson's profile image
Adam Anderson's profile image
Adam Anderson
  • Member since Dec 18, 2019
Connect
Adam Anderson
3
Votes |
13
Posts
Private Lending & Conventional Mortgage Advice

HELOC 2nd lien position

Adam Anderson
Posted

I'm looking for a home equity line of credit for investment property in a second lien position. Also, I am self employed. I tried with PenFed but apparently they prefer W2 over self employed. Any suggestions? (I have a $250k rental property with tenants. $100k in first mortgage, $150k in equity). I need about 80% of the $150k to be worth it.

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