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10 December 2015 | 8 replies
My wife and I are in the process of opening a HELOC on our personal residence.
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9 December 2015 | 1 reply
I currently own a home with a decent amount of equity built up (around $400K) and thinking about using some of the equity through a HELOC to help as a down payment on an investment property.
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10 December 2015 | 1 reply
The only other ones from auction, we've made sure we had cash ready to go with our HELOC.
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13 June 2020 | 62 replies
I see everyone talking about leaning towards a HELOC but I will tread carefully and fully explore my options before getting this (I see "cash out refinance" and home equity loan are also options, leaning towards HELOC but will need to understand the advantages and disadvantages).
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8 July 2015 | 8 replies
Best alternative I know of is the old 80/10/10 is back. 80% 1st mortgage, 10% 2nd/heloc, and 10% down = NO mortgage insurance.It's available in limited states for well qualified borrowers and is a great reward for those who kept their head above water after the recession.
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9 July 2015 | 2 replies
From there I planned on using that property to take out a HELOC (as the bank would see that I own the property not knowing I owe money on it to family) and use that as a down payment on a second property and to use some money for fixing that up as well.
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22 July 2015 | 6 replies
Have you asked about a HELOC?