HELOC for investment home

[Jason Sung]

Hi, 
I have a rental house in McKinney free and clear (without mortgage). I would like to have HELOC. Do you know any lender who can do that?

[AJ Wong]

Hi Jason. Yes several investors offer fixed second loan and heloc programs including one 100% online with no appraisal required, disbursement in 5-7 days. Texas does have some general HELOC and second loan cash out restrictions with many lenders..Check in with @Joseph Chiofalo for specific guidelines.