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Updated over 4 years ago on . Most recent reply

Yengkong Sayaovong's profile image
Yengkong Sayaovong's profile image
Yengkong Sayaovong
  • Member since May 4, 2019
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Yengkong Sayaovong's profile image
Yengkong Sayaovong's profile image
Yengkong Sayaovong
  • Member since May 4, 2019
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Yengkong Sayaovong
11
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33
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Private Lending & Conventional Mortgage Advice

Laid off, can I still refinance or use HELOC?

Yengkong Sayaovong
Posted

I have 1 home already that I'm renting out currently. I left my full time job in 2017 to pursue an education to make more money and move along faster in real estate. I was working as an intern bit because of covid-19, I was one of the first to be let go.

Can I still use my first rental income to help me refinance or get a HELOC on a 2nd home?

Would the best option be a private lender if and are they willing to work with someone in this situation?

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