Looking for Whole Life Insurance Cash for LOC

Looking for Whole Life Insurance Cash for LOC

Residential Real Estate Broker · Aurora, IL · Member since 2017 · 96 posts · 45 votes

Wondering if anyone has had a good experience with lending against the cash value of a whole life insurance policy or a private lender that may offer this option?  Most dividends pay out at 5-6% and I would be interested in paying out 7-9% to the lender that would provide this option for short term financing.

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  • Harjeet BhattiPro Member
    Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
    8y

    You can use  this money for down payment of investment property will be consider seasoned money. 

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