Often, lenders will not act until the differential between current interest rates and the interest rate on the subject loan reaches a certain point.  

Here are the key details of my situation:Rental Property Details (Note: This was our primary home till 2017):Current Value: $970,000 to $1MPrimary Mortgage Loan Balance: $505,000 (@ 2.6%)Took Home Equity Loan on this house to make down payment for my current primary residence.Home Equity Loan Balance: $123,000Total Loan Balance: $628K (Primary Mortgage + Home Equity Loan)Rental Status: OccupiedPrimary Residence:Purchased in 2022Mortgage Rate: 7.3%Current Loan Balance: $650KMy goal for 2025 is 2 fold: #1.

Would a HELOC or home equity loan on my personal home be a good idea to fund this?  

He works with us often here in Chicago, but can service loans across the country!

The plan was to utilize the HELOC as the down payment then getting a conventional loan to cover the remaining 80%.

hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get s...

Keep in mind that this comes with high turnover, and (often) students who will beat the hell out of the property!

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.

For financing, would we then want to get a DSCR loan under the LLC or should we start with conventional loans under our name until we hit a certain number and then move them over?

I rent to students around a university.