Updated over 3 years ago on . Most recent reply
HELOC on Las Vegas Rental
I have a rental with about 110k mortgage and 300k value and it is currently leased for $1650/mo.
i know that I can cash out Refi to pay down my primary mortgage and then HELOC on that, but does anyone know of a bank here that would HELOC on rental? I understand interest would be higher and the LTV would be lower and that is okay. Just trying to understand my options and cost of money.
Thank you, BP!
Most Popular Reply
@Cris Normandt not sure if you can do HELOCs, but might as well tag you and see what you can do.