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Updated over 4 years ago,
Advice on HELOCs in Florida
My wife and I are looking for options on lenders who do HELOCs in Miami. We currently have a rental that we own outright in Miami, and are wanting to leverage this property to continue our REI journey.
Our main concern is we are not sure which lenders (if any) will do a HELOC on a property that is not our primary residence. Is this possible? If so, we would really appreciate any advice on which institutions/lenders to speak with, and contacts with specific bank/lender executives would also be greatly appreciated!