Investment Info:
Single-family residence buy & hold investment in Annville.
Purchase price: $390,000
Cash invested: $90,000
Primary residence. Purchased after using bridge loan on our first flip ...
I am currently buying a Personal Care Home. I have about 90% of the price we agreed upon (200k) of the land contract paid off. I am currently running the home and it is profitable. After it is paid in full, the deed w...
I recently applied for a HELOC through a local bank and their numbers came back terrible. The comps they sent me were half a mile away from my property in a far less desirable part of town. Naturally I applied at anot...
I’ve been looking for ways to best use a HELOC on paying down my home quicker.Can anyone who has or is doing a HELOC sweep give me some direction.
Hello all, I am contemplating applying for a HELOC through Wells Fargo. I'm wondering if HELOC's exist through private lenders. Does anyone have any insight on the subject?
Does anyone know a bank that will do a HELOC on an owner occupied duplex?
I currently have one HELOC on 2 properties, my bank offered me a 4% mortgage, but it would cost an extra $100 a month and would add on 7K in closing costs, she said I would gain equity, but the loan amount is being re...
Hello, I plan to use a HELOC to buy an investment property in the next 2-6 months. PenFed bank has offered a 12-month 3.24% interest rate on funds that I draw at the closing table. I don’t want to pay interest on the...
The interest on a HELOC are paid on my present balances each month during my draw period? Or is my interest only starts kicking in after the draw period ends and whatever my balance is then? Thank guys in advance.
F...
Hi BP, Does anyone know how Underwriting views rental income when applying for a Heloc? I have been denied a Heloc by both a big box and a local community bank based on not meeting the DTI requirement. Thanks, Matt