90% LTV Lender Suggestions?

[Rochelle G.]

Hi all, I’m in the process of rounding up my funds to purchase my second deal, and was curious if anyone in Michigan knows of a good 90% LTV lender to possibly secure a HELOC or Home Equity Loan from. I’m having a difficult time finding banks or credit unions who will do higher than an 80% LTV. Thank you for any suggestions or advice!

[Arturo Borges]

Hello Rochelle!

A little bit out of context, and because I would advise that to my self if I was you. Try not to leverage to that extent. We all know that sooner or later a crash will come, and one of the most powerful ways to protect yourself is by not over-leveraging, even if you are just flipping and not holding.

I hope you keep killing it in your upcoming deals!

Take care,

- AB