It is possible to take a HELOC or Home Equity Loan off my Multi-unit
Hello, I purchased a multi-unit two years ago where I live in one of the three units. Is it possible to get a Home Equity Loan from my multi-unit without doing a cash-out refi?
Back story, we purchased our duplex in San Diego two years ago, added another unit, and updated the property significantly since we purchased it (as it was priced low on the market due to the shape of the property). Since then, our Real Estate agent did an assessment of the property and our property is worth double what we purchased it for with the re-assessment. Would love to make use of the equity if possible to purchase another property with doing a cash-out refi.