Richard Astley
HELOC Recommendations
We are in ESCROW right now for our first property here in the US. I am from the UK and now a US resident. My wife is a US citizen but has spent many years abroad and neither of us have any credit history here. We a...
Leo A.
HELOC 7.5%
Greetings,I need some opinion regarding HELOC. I have one rental property that I applied for HELOC and only one bank(credit union) offered 90% LTV at 7.5%. Below are the numbers:Appraised Value: $ 192,400Current Mortg...
Account Closed
HELOC recommendations ???
Good Morning BP ~Does anyone have any suggestions on HELOC through a bank if my Debt to Income Ratio isnt where a conventional bank wants it to be? Other providers with low interest rates? Thanks!!!
Account Closed
HELOC/LOC
Hopefully I am In the right place for this question.
I own my first home with no mortgage or anything. I am guessing that it was worth about 200k since the last few properties near by have been sold around there. I a...
Beau Alesi
HELOC Option ????
I have a very good chance( working up the contract) to get a short sale for $425k. House is worth about $675. I need to go the investment loan route which requires about 20% down. I have about $350k equity in the home...
Cierra Seay
HELOC Requirements
Hello,I keep getting mixed answers and information regarding the requirements for a HELOC. I'm thinking about getting one on my primary residence to buy another investment home and I'm trying to figure out is credit b...
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HELOC questions
What is the repayment time? The same as a mortgage?
Can you write off the payments?
Does the interest rate fluctuate or can you lock one in?
Jason H.
HELOC recommendations
Hi BP: Can anyone recommend a good bank with a low rate for a HELOC that does not have a mandatory withdrawal at closing? I've been looking at a few banks, both national and local, and many of them require you to dr...
Janet Taylor
HELOC Loan
I just finished a house I paid $44,000 cash for. It is appraised at $123,000. I want to use this house as rental cash flow. I applied for a HELOC loan to finish the attic on this house and then buy another house. I w...
Doobie Sims
HELOC - Reappraisal?
I currently have a $75,000 HELOC on my primary property that I've used for investing in properties using the BRRR method mostly. I opened up this HELOC about 3 years ago and now the market price for my house has gone ...