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Updated about 3 years ago, 10/15/2021
Investment property equity loan
Hello,
I have good equity on a rental duplex I own and I was wondering if anyone knows of a way to tap into that equity without refinancing, something like a equity loan or line of credit. So far I tried multiple banks but no one seems to be doing it. Please help!
Thank you!
Try, www.mortgageelements.com
They have an tab for 2nds & Equity lines. There should be several lending institutions, hopefully one can help.
Well... if you are trying to do a cash out on a duplex that is also your primary residence in Texas its a no go... If you don't live in it, you shouldn't have any issues... I am seeing non-commercial DSCR loans as low as 3.750% right now and closing in 20-25 days. But these are cash outs...
HELOCs in Texas can be tough... why a HELOC over a cash out? Where's your head on this?
Cheers!
- Nick Belsky
- [email protected]
