Hi all!This will be kind of a long post but just looking for some input on what would be best after I expose my plans. I currently live in Las Vegas and am planning on moving back to California by mid 2021. I own a to...
Hey BP-I recently funded part of a down payment on a new property using a HELOC (on my primary residence). I used Figure Lending (online bank) because of the fast application and closing process, which I needed to com...
Hello,
I have a HELOC that I'd like to use for purchasing long-term hold rental properties (hopefully multifamily). The HELOC is interest only for the first 10 years followed by interest and balance payments for th...
Can an individual (such a myself) by a home using HELOC, or can an individual use part/all of HELOC proceeds for down payment?
Thx in advance!!
Sorry if this is a rookie question, I'm new to this. My husband and I are looking to take out a HELOC to buy a property out of state. It got me thinking: To get another property after that, would we have to take out a...
My husband and I want to purchase our first short-term rental property. We have enough to cover the down payment and closing costs, but not reserves. My plan is to get a HELOC on our primary residence to use as need...
First time here....I am currently renting my house in Pasadena but relocating to Indianapolis in the fall. I have good tenants but the interest rate and points seem high on a non owner .Is there an alternative as I...