Dennis Nikolaev
Heloc reserves requirement.
I am considering to take a HELOC out of my free and clear rental. I do have 6 units.The first agent I spoke to said that I got to have 6 month reserves on ALL of my properties. That is like 40k just chilling in checki...
Jacob Greenhoe
HELOC Financing Question
Hello. I'm hoping the community here might be able to give me a recommendation on a bank or credit union in the Kansas City area that would do a HELOC on an existing rental property. The rental is completely paid off ...
M G
Foreclosure and HELOC
Greeting!!!
I have a question regarding foreclosure or short sale. Any kind of advice is really appreciated. I bought my home back in 2006 here in Arizona when market was at peak. I bought it for ...
Terry Royce
HELOC vs Refinance
My fiance and I are looking to pull some money out of a house we just finished rehabbing to pay off some of the construction debt on 9mo no interest credit cards.
Its our primary residence. We have about 20-25k in de...
Anthony Oliver
HELOC or Refinance??
I need some help if anyone can help me with some advice to maneuver this situation...I recently bought a duplex. I had to put 46k down. I borrowed a little money from my family, used my savings, and put 26k on credit ...
Nick Causa
Refinancing and HELOCs
We have a HELOC that we use on our home but we would like to refinance the first mortgage. Since the HELOC is basically a second mortgage, it shouldnt have anything to do with the first mortgage that we want to refi c...
Nicole Galchutt
Owner Occupied HELOC
Hi! I am a newbie and have a lot of equity in our personal home that I would like to get a heloc on. However we bought a rental property earlier this year and the local banks won't approve a heloc as they are looking ...
Winga Blaggard
Forebearance vs HELOC?
A relative newb here, hoping for advice.I have two mortgages, one for a rental which has just become vacant, and another for primary residence which I was going to make a rental as we speak. So neither property is bri...
Dale Miller
Chase Pauses HELOC's
Chase is the first bank to stop taking applications for HELOC's I just read. Do you guys think more banks will do this and will it get tougher to get mortgages and HELOC's. I haven't found a rental yet and hope that b...
Max Katelouzos
Question about HELOC
I am new to investing and gathering information for my first deal. I’m interested in a HELOC but had a question. Let’s say we are hypothetically headed for a downturn in the market and my equity is as high as it will ...