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Updated over 3 years ago,

User Stats

24
Posts
4
Votes
David M.
4
Votes |
24
Posts

Need access to a Heloc

David M.
Posted

My wife and I rehabbed a property 6 months ago and rented it out way above what the mortgage is. Current Mortgage is $460 and the unit rents for $1500. We want to take a heloc out on it to pay back her parents who helped us finance the deal. They were recently turned down for the heloc because the debt to income was 52% and needed to be 50%. Does anybody know of any banks that they could possibly run this Heloc through with?

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