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Updated almost 2 years ago on . Most recent reply
Looking for a HELOC for investment properties.
How are people using the equity in their homes? I'm looking for a HELOC for my investment property. I'm looking for about 80% LTV, and my mortgage is about 70% LTV, so looking to pull out about 10% LTV or ~100k.
All major banks are not offering and same with most credit unions. Some smaller banks are saying okay, but only at 60% LTV.
Anyone know a place I can get a 80% LTV HELOC for my investment property?
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John McKee
#5 Commercial Real Estate Investing Contributor
#5 Commercial Real Estate Investing Contributor
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- Fairfax, VA
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John McKee#5 Commercial Real Estate Investing Contributor
#5 Commercial Real Estate Investing Contributor
- Investor
- Fairfax, VA
TD bank offers heloc on investment properties as long as it's residential. I.E. under 5 units.