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Private Lending & Conventional Mortgage Advice

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Jorge Pimienta
Pro Member
  • Kearny, NJ
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35
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Recommendation on Heloc Loans

Jorge Pimienta
Pro Member
  • Kearny, NJ
Posted Dec 3 2022, 13:26

Currently looking to put a HELOC on a free and clear rental property. Can anyone here recommend me some good banks or institutions?? First time ever doing a HELOC and using it to take down a single family deal

Thank you

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Jack Tulloch
Pro Member
#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
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Jack Tulloch
Pro Member
#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
Replied Dec 3 2022, 13:46

A small local bank or credit union will likely be your best bet for a HELOC on an investment property.

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Stacy Raskin
  • Lender
174
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537
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Stacy Raskin
  • Lender
Replied Dec 8 2022, 13:42

@Jorge Pimienta, where is the property located?

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