Lolita Ellis
HELOC with Credit Union- What to expect
I applied for a a HELOC with my credit union- the rep has been really "laid back"- that said I finally had the title company send me the docs to review prior to signing but here is what they offered: max amount allowe...
Douglas Harris
HELOC on owner financing
BP family, I just purchased a home through seller financing. I have a great amount of equity in this deal. I want to do a HELOC on this investment property; however I am not sure if this is possible. Has anyone done a...
Marc Dufour
Using Equity Line of Credit for more REI?
Here is my situation:
I live in northern CA. I own 3 properties and live in 1 of them.
Property 1: value $1.1M, debt = $700K
Property 2: value $750K, debt = $400K
Property 3: value $500K, de...
Jim Morris
Should we stay with the HELOC or do a cash out refi???
Greetings Team,Trying to figure out what to do here... House "a", used to be our primary residence, when we lived there we took out a HELOC against it. It is paid for so the HELOC amount we had access to is/was pretty...
Ryan Planchon
Which HELOC Terms would you pick? Why? Or REFI?
One of my properties was recently paid off. I plan on putting a HELOC on it to BRRRR some properties with.
Which terms would you pick an why?
Term12 Month Intro Rate APR* "As Low As"Thereafter APR* "As Low As"Pri...
Micah Starbuck
Paying off primary rental mortgage with HELOC
I'm looking to access equity in one of my rental properties to make another rental purchase.As things stand now, I owe less than 50% of what it's worth with a 28 years left in a fixed rate 30-year loan.Here's where I ...
Emily Wilson
Does having a heloc limit the amount on a conventional loan
If we might normally qualify for a conventional loan for 500k. However, we have a heloc for 100k, does that mean the banks will limit our loan to 400k?
Kelly Stanton
Using a HELOC for a Rental Property in Austin
We are considering purchasing a rental property/townhome in Austin and wanted to know if it would be a good idea to use a HELOC? We currently own a 3BD 2 BA in Austin and have a decent amount of equity in it. We are e...
Akhil Kumar
Should I make downpayment for rental investment with cash or LOC
Hello Gurus,I have cash in the bank to make the downpayment on my next REI (buy and hold and rent). I don't have a HELOC set up yet, though I have enough equity in the home to get one.My question is: which option mak...
Amber Hagen
Use a HELOC to buy investment?
I own my home outright and I’m wondering if using a Heloc to buy investment property is a good idea. I do have cash in savings a d investment accounts too. Please help. Thanks