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All Forum Posts by: Franklin Nunez

Franklin Nunez has started 1 posts and replied 3 times.

Post: Has anyone ever used their primary homes equity as collateral?

Franklin Nunez
Pro Member
Posted
  • Posts 3
  • Votes 0

@Kerry Baird

Hi thank you for your reply, Not many places will open up a HELoC due to not having 2 full years of self employment tax returns.

Post: Has anyone ever used their primary homes equity as collateral?

Franklin Nunez
Pro Member
Posted
  • Posts 3
  • Votes 0

@Chris Seveney

Thanks for the reply, Im going to call lenders in my area to find out who offers this.

Post: Has anyone ever used their primary homes equity as collateral?

Franklin Nunez
Pro Member
Posted
  • Posts 3
  • Votes 0

I haven't been able to get a heloc because I don't have 2 years of self employed tax returns. I want to use the heloc to put towards the downpayment for an investment property. Ive heard of people using their existing property as collateral. How are these 2 methods different? I have over 150k in equity is collateral an option?