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Updated over 5 years ago,
Stated income HELOC?
We'd like to get a HELOC to be able to have money to put down with a HML in order to be able to purchase a property to fix and flip.
We have about $150k in equity in our personal home. We have credit scores in the mid-700's and low debt. However, we are both self-employed and take all possible deductions so income does not show to be very high.
Does anyone do stated income, no doc or low doc HELOC's?