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Updated almost 9 years ago on . Most recent reply

Evan J.'s profile image
Evan J.'s profile image
Evan J.
  • Specialist
  • from Fredericksburg, VA
  • Member since Apr 14, 2015
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Evan J.'s profile image
Evan J.'s profile image
Evan J.
  • Specialist
  • from Fredericksburg, VA
  • Member since Apr 14, 2015
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Evan J.
  • Specialist
  • Fredericksburg, VA
19
Votes |
69
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Creative Real Estate Financing

Low/No Doc Heloc

Evan J.
  • Specialist
  • Fredericksburg, VA
Posted

I have a property that I'd like to get some equity out of via a HELOC. I purchased with cash, so I have 100% equity in the house (about $300,000).

How easy/hard would it be to get a low or no doc line of credit against the property?  Are such products even still available?  I'm curious to know what people's experiences have been dealing with various types of lending institutions as well.

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Robert Grant's profile image
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Robert Grant
  • Lender
  • from Los Angeles, CA
  • Member since Jun 15, 2016
  • Posts 98
  • Votes 17
  • Experience 17 Yrs
  • Investments 1
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Robert Grant's profile image
Robert Grant's profile image
Robert Grant
  • Lender
  • from Los Angeles, CA
  • Member since Jun 15, 2016
  • Posts 98
  • Votes 17
  • Experience 17 Yrs
  • Investments 1
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Robert Grant
  • Lender
  • Los Angeles, CA
17
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98
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Robert Grant
  • Lender
  • Los Angeles, CA
Replied

HI Evan,

They are certainly available, just depends where the property is located.  Where is the SP located (city/state)?  Maybe I can help..

Best,

Robert

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