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Updated 5 months ago on . Most recent reply

Andrew M.'s profile image
Andrew M.'s profile image
Andrew M.
  • Member since Jun 24, 2019
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Andrew M.'s profile image
Andrew M.'s profile image
Andrew M.
  • Member since Jun 24, 2019
Connect
Andrew M.
2
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3
Posts
Private Lending & Conventional Mortgage Advice

Increasing HELOC on investment property

Andrew M.
Posted

I have a HELOC on my investment property that I opened while still living there. It's with TD Bank. The property value has increased quite a bit since then and i would like to increase it, but i wasn't sure it they would entertain it being that its an investment now and not my primary home. I'm not sure if i would risk them closing the HELOC. Should i ask them to increase it? Or is it possible to get a second HELOC though someone else?

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