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HomeForumsStarting OutWhere to open a HELOC?
Brian S.'s profile image
Brian S.'s profile image
Brian S.
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Oct 9, 2016
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126
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Brian S.'s profile image
Brian S.'s profile image
Brian S.
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Oct 9, 2016
Connect
Brian S.
  • Rental Property Investor
  • Cleveland, OH
71
Votes |
126
Posts
Starting Out

Where to open a HELOC?

Brian S.
  • Rental Property Investor
  • Cleveland, OH
Posted Oct 10 2019, 20:08

Hello,

I know there are tons of discussions on BP about HELOCs, but I haven't seen much about where to open one. I have about 70-80k of equity in my property in Cleveland and am thinking of accessing that to buy a home in St Petersburg FL. I already have the property picked out that I plan to purchase. Does any have any recommendations on where to open a HELOC? Any good or bad experiences?

On a related note, do most lenders accept HELOC as down payments?

Much appreciated!

Brian

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