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Updated over 3 years ago,

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

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