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Updated 17 days ago on . Most recent reply

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Hayley Chan
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ISO Lenders for HELOC on Investment Property

Hayley Chan
Posted

Newbie here - we recently converted our original home into an investment property and moved to another home. We have a ton of equity in our first property but I'm having trouble finding lenders that will do a HELOC or 2nd mortgage so we can use the equity from the first home to buy another rental property. No one seems to do HELOCs unless it's your Primary Residence. Is there another type of loan I should be asking for? Thank you!

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