What is the max cash I can take out with a HELOC?
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.
Erik Estrada
Premium#3 Private Lending & Conventional Mortgage Advice Contributor
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Typically most lenders will cap you at a $500k line of credit limit. But this obviously depends on the lender
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Lender California (#02161719)
- 818-269-7983
- https://www.luxeprivateinvestmentsllc.com/
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Erik Estrada
Premium#3 Private Lending & Conventional Mortgage Advice Contributor
Lender
- Lender
- 849
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- 2,824
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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
-
Lender California (#02161719)
- 818-269-7983
- https://www.luxeprivateinvestmentsllc.com/
- [email protected]
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