Sonya Burns
2 HELOCS...Is this possible?
I want to take a HELOC loan out to purchase a 2nd property. We've been leasing out our house for 4 years now while we've been away and now we want to buy a 2nd property as our main residence AND use the funds to inves...
Michael Dunn
HELOC ....and how to " Roll " into loan, or better yet, How to...
Pay the HELOC off in it's entirety , via doing a Cash-Out refinance I currently Have a $20,000 HELOC on my Primary ( opened it , as of March of this Year ) I have $13,000 left , and am planning to use the remaining $...
Ruby Ruiz
Buying second property
Hello everyone, learning real estate. I’m wondering on buying a second property using HELOC. Is it beneficial or what are the thoughts on that? Thanks!
Brandon Morgan
Using HELOC for purchasing rental property Vs. house flip
Hi all, So I recently got approved for a HELOC of 70k from my primary residence. I am just starting out in real estate but financing a home is very difficult. I have been thinking of using a Heloc to cover the down pa...
Kenneth Bentley
1st Lien HELOC
Has anyone used a HELOC on a rental property? I have equity in one of my houses but rent won't cover the mortgage if I cash out refinance. Looking for another way to pull out some cash. Also, I thought if I did a 1st ...
Tony Chiha
Buying a new rental with heloc
Hello I just bought a home for my family and I haven't even moved in yet waiting on the previous owners to leave in the next couple of months. We got a great deal on the property and we are going in with about $275k i...
Rami W.
HELOC called due before draw period ends
Shopping for a HELOC. A couple quick questions.Any reason, other than a due-on-sale or non-paying borrower, why a lender would call a HELOC due before the end of the draw period? Can they for any reason at any time?If...
Larry Miller
Buying a house using HELOC? Timing?
I am looking at using a Home Equity Line Of Credit (HELOC) to buy a house in San Antonio but I am new and don't know how the timing will work. I know you can get pre-approved for a typical mortgage and use that pre-ap...
Joseph Helms
New Guy HELOC rental question
Ok so I'm just gonna go for it...i refinanced my entire mortgage into a 1st Lien HELOC so i got an 80% LTV that is interest only with a line of credit of 205k and i have a balance of 160k and a side note I got a horr...
Chase Whiteman
HELOC with Hard Money, any experience?
Hello,Considering using the equity in my primary residence to apply for a heloc. I am told most banks/credit unions will lend 85% LTV on primary. With rates increasing, should having a variable rate with a heloc make ...