Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

21
Posts
11
Votes
Gianny Niebla
  • Real Estate Broker
  • Miami
11
Votes |
21
Posts

Questions regarding Heloc

Gianny Niebla
  • Real Estate Broker
  • Miami
Posted

I am in the process of doing a 80% owner occupied cash out refinance. Can I get a HELOC on part of the remaining 20%? If so how much can I ask for and what should I expect in regards to rates. I did the math below if anyone is interested in specifics.

The home was appraised for $385k

Current loan amount is 260k

Closing costs on refinance are around 10k with escrows

I should get 30k at closing could I get more money from a

Loading replies...