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Cillian Kelly
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What is the max cash I can take out with a HELOC?

Cillian Kelly
Posted Apr 4 2024, 10:00

I have a property with over $300k equity and I want to invest the equity in other real estate. I am debating between HELOCs and cash out refi. 

I have some experience with HELOCs, but usually for smaller amounts and I am wondering if I can take out more than $100k in cash from the HELOC.

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Erik Estrada
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Erik Estrada
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Replied Apr 4 2024, 10:01

Typically most lenders will cap you at a $500k line of credit limit. But this obviously depends on the lender 

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Erik Estrada
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#3 Private Lending & Conventional Mortgage Advice Contributor
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Erik Estrada
Lender
#3 Private Lending & Conventional Mortgage Advice Contributor
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Replied Apr 4 2024, 10:14
Quote from @Erik Estrada:

Typically most lenders will cap you at a $500k line of credit limit. But this obviously depends on the lender 


 Assuming its a 1-4 Unit

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