HELOC in Florida question??
I've been house hacking the last 4 years, buying, rehab and selling my personal residences. Im finally in a house I want to stay in fora few years and also have some cash reserves formy flips.
My question is this:
I purchased this home in December for 289k with an appraised value of 320. Now with updated apprasial came in at 376k.
Will lenders do a HELOC on a home ive only owned for a month? Will they let me use the new appraised value for LTV? Id like to go 90% LTV. Any recommendations on who to talk to here in Florida who may offer something like what im looking for?