How to change Heloc to a first position?

[William Ika]

I have a $50,000 Heloc on my house but it is valued at $300,000 with $133,000 in equity. Any suggestions on increasing the Heloc amount?

[Frankie Woods]

Is this a primary? If so, most banks will go to 85-95% LTV; however, most will have some type of cap. If it's an investment property, there are only a few national / regional banks that will provide HELOCS (e.g., PENFEN, Navy Federal), the LTV is generally 65 - 80%, and the caps will be lower. For instance, I just got approved by Navy Fed on a rental at a max of $100k even though I have over 150k in equity. It just depends on the bank. You may have more luck shopping around smaller, local banks.