All Forum Posts by: Brayden Hrycko

Hello @Khaleel Zafer, I think you shop around for local credit unions/banks to see what LTV's-Loan to value's they have access to. I know of a credit union near me that allows helocs up to 100% LTV. You can do whatever you want with the money from the heloc. The 20% number you're referring to is when the lender requires the owner to have atleast 20% equity in the property when you are asking to pull out your max cash out amount which would allow the lender to give you 80% of what the property is worth.

What are your plans with the heloc? 

Hey @Jason Lohse, 

I know of several lenders offering heloc's on investments. If that is a route you are considering to pull from your property in GA I may be able to help you there. I can certainly help you go over some numbers. I can also help get you pre-approved in CO as well. 

Hello @Saika Maeda, 

If your ARV is higher than you expected, that does not mean you have to cash out the max amount. You can pull as much or as little as you want as long as you are below the Loan to value your lender will allow you to pull.

You may certainly pull the max amount as you can, and in this case yes your payment will be higher if you pull out more cash. 

Hey @Hanah Frickers, As an LO, I hear clients that are worried about rates but most importantly they really want to look for an LO that will pick up the phone for them, explain products in detail, and give them solutions to problems they might not even know they have. Its important to reach out to several lenders/LO's and interview them. Pick someone that you feel has your best interest in sight. 

@Joey Isidore What do you think the current value is on your property? What do you owe on it? As a primary you will be able to tap into more equity than an investment which may allow you to pull some out depending on what the value is now. I would be curious to learn more about your situation and see if I can help you. 

Hey Joey, 

How long have you owned your current mulit family? Are you still living there? Have you built up some equity since your purchase that you may be able to tap into via a heloc or refinance? You may want to run the numbers to see if either of those would be a viable option for you. Also, what state are you in?

Hey Aaron, it for sure sounds like you have not found a good lender connection. I may be able to help you there. As a mortgage broker we try to make the process easier for you and especially make it more human. We want to be a part of your home buying process whether its a one time thing or you're a repeat investor. Can you clarify what kind of purchase you're looking to make? 

Hey Justin, fellow PA resident here! We have a few lenders that do investment heloc's. I would be happy to help if you're still looking.