All Forum Posts by: Ryan F.

For us, origination fees are coming in around 1%, with the current loan rate around 5-7%.

My wife and I have contacted dozens of lenders about this recently.  

So far, only A+ Credit Union, Bancorp South, and Citizen's Bank would do it. As others said, don't call it a HELOC. Ask for a line of credit secured by an investment property. Sometimes this is done through the commercial lending side of the house, but not always.

If you find another lender, please let me know.  We're running numbers now to see which lender makes the most sense.

Love those articles, Jason. It'd make sense that more intelligent data analytics tools like that will start springing up to help analyze other markets.