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Updated 11 months ago on . Most recent reply

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Aaron Gallington
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Can I get a second heloc on primary residence

Aaron Gallington
Posted

So I have a home we built 5 years ago. We have a 480k mortgage on it, we have a 400k heloc as well that I use for investment purchases and then refinance after we fix up to pay the heloc off. I have done this with 3 properties so far. Homes have been getting more expensive and I want to see if it’s possible to get a second heloc on my primary residence. Home is worth between 1.5m and 1.6m. If I can get a second one, is 80 or 90 luv the max?

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Jacob Sherman
  • 12 Penns Trail Suite 138 Newtown, PA 18940
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1,380
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Jacob Sherman
  • 12 Penns Trail Suite 138 Newtown, PA 18940
Replied

I would see if can raise the limit on the 2nd with the current lender 

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