All Forum Posts by: Matthew Ray

Hi Matthew, 

We can go up to 90% LTV but even at 90% there doesnt seem to be a lot of spread between 90 LTV and what you currently owe. Unless you can do some damage with about 30k which is how much you can potentially get based on your estimated value and remaining loan amount. You may just have to wait until you can get more if you need more. Find out how much you think you need and then run the numbers again to see if it will be enough. Heloc is the best option because even doin a cash out refi your also limited to 70 -80%. Plus you might have a good rate compared to todays market. You might have to consider other sources for your capital to buy your next investment. You can move out of your current and purchase your next property as a primary to get in with low down payment instead of having to put in 20-25% down. If your flexible thats also an option to continue acquiring. Hope this helps you.

@Albert Bui @Matthew Kwan

@Matthew Ray

You're currently at an 82%+ LTV. Most HELOC lenders max out at 80% or 85%. There might be some local banks and credit unions that go slightly higher.