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All Forum Posts by: Joshua Hindberg

Joshua Hindberg has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: Taking out loan on second home / investment property

Joshua HindbergPosted
  • Posts 1
  • Votes 0

I have a second home / investment property worth $3.5m. I currently have a hard money loan for $500k due in 9 months. I have no income with excellent credit.

I am looking into refinancing with private lenders or banks for an LOC or mortgage up to $1.5m

What are my best options? Do any banks / CUs do this with no income, or do I need a private lender? Any suggestions on how to go about this?

What happens if I have a loan based on being my second home but I decide to make it my primary home? Do I need to notify the lender and will they call in the loan?

Would any lender touch this with no income if it's my primary home?

Thanks!

0 Votes
San Francisco, California