LOC on Investment Properties

[Robert Stamper]

Hi All,

I'm looking for a line of credit against a rental property that I currently have a 60% LTV on. I could do a cash out refi, but the fees get expensive and it just isn't as flexible. Does an LOC on investment properties exist in the post 2007/8 world.

Thanks in advance!

[Ori Skloot]

@Robert Stamper. Yup you can get Line of Credit against an investment property. I just closed on one today (Tnx to @Chris Mason for giving me the referral). Variable rate but right now rates are so low that it’s a great opportunity. Call around to local banks and ask if they offer this product.