Henry Lazerow
HELOC lenders that do 10 year draw periods?
What are some HELOC lenders that do 10 year draw periods? Looking for a rate of prime +1.25 or lower. It is for an owner occupied 4 unit. Thank you for any referrals!
David Karnes
financing question in Chattanooga
I am lining up financing for my first flip. My thinking is I will get a HELOC (bank has said I could get $43k) for 20% DP on a $80k-$90k property and rehab, and get preapproved for the rest (they confirmed that would...
Jeremy Hackenberg
Will HELOC be considered a cash buy?
Hello total newbie question,If a seller is requesting cash buyers only, will my approved HELOC be considered since I don't have to wait for financing?
Sophia Berry
Best Financing for a new Construction
Good morning all,I am trying to find out the best financing I should seek. I have about 270K from a Home Equity Line of credit on two homes I have. I want to buy six lots to build six more homes however, doing that ...
Drew K.
Pull out equity from rental owned by llc
A partner and I are in the process of creating a llc and want to start buying rental properties...we are wanting to be able to pull the equity eventually through a cash out refi or a heloc... I've been reading though ...
Janice Orcutt
Licensed Lender in Florida
I am a licensed Loan officer in the state of Florida. I work with Luxe Mortgage Lending in Winter Park, Florida. I work 7 days a week, day and night. If there is anything I can do to help with financing needs, please ...
Annie Drommond
Cash out Refi Multiple Properties at once, affect Credit Score?
Have you cash-out refinanced multiple properties at once? What affect did this have on your credit score? I'm not super worried about increasing liabilities, as I'll be using the cash to payoff some existing HELOC bal...
Leigh Jones
The Smallest Loan a Bank will Give
Im considering buying in an area with very low property values, say, $50k. I would initially buy in cash, then finance it.
I know some banks will not give a mortgage for something this small.
If this is the case,...
Brian Collins
So many shiny objects! Where to get started?
Looking for advice. I have a HELOC that was approved last week and closing on Tuesday. It is a 100%cltv for $79k. I know it is enough to purchase 2-3 investment properties with conventional financing, but not sure if...
William Coet
Where Is The Prime Rate Going to Be 10 years From Now? HELOC
Hello,We are looking at a 10 yr HELOC that has an adjustable rate based on the prime rate. It's attractive because there are no upfront fees. However, we are concerned about the future of the prime rate, and may opt ...