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Updated about 3 years ago on . Most recent reply

Hai Wei Wang's profile image
Hai Wei Wang's profile image
Hai Wei Wang
  • Member since Jan 4, 2022
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Hai Wei Wang's profile image
Hai Wei Wang's profile image
Hai Wei Wang
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Hai Wei Wang
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New Member Introductions

HELOC withdraw period frozen

Hai Wei Wang
Posted

Hello, I have a HELOC on a property I have been renting out for a few months now. My bank said since it's no longer my primary residence, my withdraw period ended and I can only pay down and no longer have a LOC. The HELOC was for my entire mortage, current LTV estimate would be 63%. Should I go to another lender start a new HELOC, refinance, What is my best option?

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