Updated almost 2 years ago on . Most recent reply
Looking for a rental HELOC
Are there any banks offering a HELOC on rental units? We have a single-family long-term rental in Port Charlotte that we'd like to keep the current mortgage rate, but we do have some equity we'd like to have access to.
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They're definitely expensive... you just have to look and assess what you are using it for, and if you can get returns that will make the rate worth it.
In general,I think C/O is the way to go though.