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Updated over 2 years ago on . Most recent reply

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Juan Serrano
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Need to access equity. On investment property. Need Heloc.

Juan Serrano
Posted

I have a triplex with a ton of equity. Any banks doing Helocs for buying more properties? I have a 2.99 interest rate and dont want to lose that with a cashout refinance. It cashflows 4k per month.

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Erik Estrada
#1 Buying & Selling Real Estate Contributor
  • Lender
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Erik Estrada
#1 Buying & Selling Real Estate Contributor
  • Lender
Replied
Quote from @Juan Serrano:

I have a triplex with a ton of equity. Any banks doing Helocs for buying more properties? I have a 2.99 interest rate and dont want to lose that with a cashout refinance. It cashflows 4k per month.


You may be able to do a stand alone second. Max CLTV is about 80-85% on NOO properties. It is a full doc loan and requires 2 full years of taxes.

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