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Hi All,I purchased my primarily resident about 5 years ago, and thanks to the housing market in NY going up like crazy, I have a pretty big chunk of equity on it. I can take up to $200+K of HELOC at approximately 5% ...
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What HELOC rates are you all seeing out there in MN?
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I currently own a home that is free and clear and interested in doing either a cashout refinance or getting a HLOC. I have a pretty good idea as to what I want to do but I am curious to know which option would you tak...
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I currently own a rental that was paid for in cash. It is personally owned (not LLC).My plan is to obtain a HELOC on it to fund my next rental. Once purchased, I would then reno, rent & refi to pay back the balanc...
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Hello BP! I've been thinking through ways to help beef up my cash reserves to purchase my 1st flip, and have been seriously considering opening a HELOC. Since you obviously don't pay anything (other than smallish pape...
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I checked into my local credit union on how the HELOC rates were going and they are now offering (on owner occupied) 100% LTV at 5.25% which is up from 90% a year ago... the 80%LTV is at 3.25%.Is anyone using these cr...
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Our main home appraised for $500k, and we owe $100k. 12 more years on a 15-year conventional loan and pay $850 a month. We want to begin to begin the BRRRR process, but want to allow our equity to work for us in the b...
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What are the pros and cons of getting a HELOC, at a bank, in the local area of an OOS investment property? Or, getting a HELOC through a local bank, in your primary residence location?
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Hey BP!I struck out finding a 30 yr fixed HELOC lender in my local city and was wondering if anybody has a referral for a HELOC in South Dakota or a national lender? Probably a long shot but wanted to ask anyway!My bu...
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I’m trying to find a lender that will allow me to use the HELOC on my primary as a down payment for a new investment. Also, would a 203k loan be an option if I’m using credit to obtain the property?