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Updated over 4 years ago, 07/29/2020
HELOC on an investment property.
Hello.
I'm working on purchasing my next investment property in Southern McHenry country Illinois. I've been reaching out to local banks and credit unions looking for someone to do a HELOC on my existing investment property (Long term rental) that's in Elgin IL. While I've had some success, they would want to hold the primary mortgage as well. this isn't a huge deal but I'd rather avoid the hassle. Does anyone have any referrals in the area?
Thanks!