HELOC

Not sure where to post this question so slap my wrist if this isn't the place. I own several rental properties, most with at least 40% equity, all with rates at or about 6%. I have come across another property and in the past I have paid cash and then did a re-fi. Right now I find most of my $$$ are tied up in properties until spring. I am looking for alternatives. Credit score 750, looking for 80 - 20 or a 100% LTV. Prefer a LTV type of loan, but don't know which is better on the interest rate side. I rehab and hold for rental as well as rehab and sell @ FMV. ALSO, are there lending institutions out there that will approve a HELOC on an investment property? Thanking all of you in advance for your input.

Tom oh oh

Comments(0)

Add Comment

Login To Comment