The most likely scenario is that the owner themselves have a balloon payment due within 5 years and with interest rates sky high or because of concerns the 6 or more family unit housing market will crash with the recent changes in rent stabilization laws that make it almost impossible to ever deregulate rent stabilized apartments along with rising interest rates.

I am not going to wait for a market crash because I am always looking for the deals below market value. 

This house will be paid off in 15 years and easily fetch $1,000,000 by then as long as there are no major market crashes.

This was right before everything crashed in 2008.

Since our government bailed out cough took over in receivership Fannie and Freddie in the last crash we are still selling most or 88% of the loans in the US are backed by our taxes. 

This changed by law by congress after the previous financial crash in the 2007,2008 time period.That being said, the best way to find the best HELOC rates would be to go shop with multiple banks and let them present you with an offer.Or better yet, call a mortgage broker and let them shop multiple banks/lenders and present you with the best HELOC options out of the many they can contact.

Ryan, all i can say to you about this is that having survived the crash and a few years of lawyer aggravation, there is no way in the world I will ever hold even a book of matches in my own name.

Since the last crash, Congress passed several laws...namely Dodd Frank...which, among other things, requires lenders that lend to consumers for consumer property to prove that the borrower has the ability to pay the loan back.

So the key is to sell before those big problems come crashing down on you.

I tryed North St Louis City and crash and burned.