I have recently come across a strategy that would shave my mortgage from 30 years down to 10ish years. I would basically convert my mortgage into a first lien Heloc. A calculator to see if this strategy would work for...
I just got my heloc setup and probably going to brrrr some cheap houses but just wondering how to calculate the payments for the heloc with a 7.49 rate, i took out 20k and my monthly payments would be 300 a month is t...
Hello,
I currently live in a single family home and also own a rental condo (cash flowing ~$300 per month). I am looking to buy a duplex in my area and house hack while also renting out the single family home I curr...
Folks,I was in the process of increasing my HELOC limit when BoA mentioned there is a new FHA limitation on HELOCs where the total number of mortgages someone can have in order to have a HELOC (bear in mind I was just...
I have heard so much about people successfully using HELOC as a down payment for investment property. Decided to do the same. We owe 95K on our primary residence, wich is valued around 200k. Went to the bank today, th...
Hey everyone, I've got an investment property (a three family) under contract in the Boston area, and would like to use a lender who can offer me both a conventional mortgage as well as a HELOC from day one. I'm plann...
Newbie investor here. It dawned on me that if I pull out a HELOC to make a down payment on a rental property, and then finance the rest of the property, there will be no actual cash flow, at least for a number of year...
Hi!Has anyone begun their RE investment journey with a HELOC? How did this look for you when you first started? how far into RE investing are you now? thanks!
Hello,
Is a HELOC easier or harder to get than a cash out refi? Are they the same?
My credit is good. I am only worried about denial from my income.
I have over 40% equity in my property. Assuming that I cannot get ...
I have 130K loan (4% interest) on a SFR rental. I have a $115k HELOC on this house and it is worth $315k. I was wondering if there was a way for me to refinance, just for a better rate (not for cash out), while still ...