Private Lending & Conventional Mortgage Advice

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Conor Kearns
  • Rental Property Investor
  • Houston, TX
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HELOC Options? Here are my numbers...

Conor Kearns
  • Rental Property Investor
  • Houston, TX
Posted Dec 7 2019, 18:40

Hello BP Forum,

I have property coming up on 6 months of mortgage seasoning. I am wanting to use a HELOC to pull out around 20K, however, I am running into issues finding a institution offering HELOCs with less than 1 year of mortgage seasoning and who is willing to work with an amount this small.

Any suggestions?


Here are my figures:

- Current Principal Balance: $79,598

- Comps: $120K - $130K

Thank you,

Conor

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